Americans see a tremendous rise in the price of essentials as the country faces an inflation surge of 8.5%, marking the sharpest increase since December 1981.
The cost of resources like gas and essential goods like cereals and meats skyrocketed in March, making it difficult for people as they pay more even for necessary goods.
The Biden administration blames Russia’s invasion of Ukraine for the disastrous inflation the country is currently facing.
Gasoline has seen the steepest rise, with 18.3% last month.
The Americans’ next move
Americans are now in the process of cutting down on the cost of products like gas and necessary groceries in an attempt to reduce their spending. Some have decided to cancel their upcoming vacations to prevent themselves from falling into a debt trap.
