Consider This from NPR Inflation Keeps Getting Worse. Is A Recession Next?
Apr 12, 2022
Explore the financial struggles of families facing skyrocketing prices on essentials like groceries and gas. Discover the Biden administration’s effort to ease the burden with E15 gasoline sales amid rising inflation. Economic experts warn that a recession could be on the horizon, impacting job growth and political dynamics. Hear firsthand accounts of resilience from individuals navigating their daily lives in these challenging times. This dynamic discussion sheds light on the intersecting threads of inflation, government action, and personal perseverance.
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Ginger Bryce's Struggle with Inflation
- Ginger Bryce's rent increased by 20%, forcing her family's third move in two years.
- Rising grocery and gas prices compound her financial struggles after cancer treatment.
Inflation Reaches 40-Year High
- The Consumer Price Index jumped 8.5% since March of last year, the highest since 1981.
- Gas prices, a visible sign of inflation, soared after Russia invaded Ukraine.
E15 Gasoline Allowed for Summer
- The Biden administration temporarily allows E15 gasoline sales to combat rising gas prices.
- E15 is typically banned during summer due to pollution concerns.