Consumers continue to feel impacts of high inflation
While the Federal Reserve has attempted to corral inflation by raising key lending rates, it has had little impact on consumers when they buy gas or get groceries. The Second Harvest Community Food Bank in St. Joseph, Missouri saw a slight decrease in the number of people in need as the pandemic came to an end. However, the need quickly rose again as inflation rates increased.
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Statewide, gas prices have increased 74 cents in a month and are 39 cents lower than the same time last year when prices approached all-time highs.
En todo Arizona, los precios de la gasolina han aumentado 74 centavos en un mes y son 39 centavos más bajos que en el mismo periodo del año pasado, cuando los precios se acercaron a máximos históricos.
Gas prices surged this week across Arizona and the nation, topping $4 in Tucson, after OPEC announced planned production cuts, AAA says.
