By Andrew Moran A spike in energy prices sent the annual U.S. inflation rate to its highest level since May 2024, according to the Bureau of Labor Statistics. Last month’s Consumer Price Index report showed that the 12-month inflation rate climbed to 3.3 percent, from 2.4 percent in February, the bureau reported on April 10. […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.
