Inflation in US reaches 30-year high

The global epidemic Corona virus has also shattered the 30-year high record of inflation in the United States. Food rates have skyrocketed. The news of growing inflation is causing a drop in American markets, according to foreign media. Oil, vehicle, and housing prices have all reached new highs in the last 30 years.

According to Labor Department data, the US Consumer Price Index (CPI) rose 6.2 percent in the 12 months ended in October, the highest level in 30 years of rising oil, automobile, and house prices.