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Recent rise in consumer prices tied to reopening of economy

Consumer demand is surging and supply chains are unable to keep up

08/11/2021

NJ Spotlight News

Recent rise in consumer prices tied to reopening of economy

Clip: 8/11/2021 | 56sVideo has Closed Captions

Consumer demand is surging and supply chains are unable to keep up

The prices of just about all goods and services are still on the rise, with consumer demand surging and supply chains unable to keep up. Data from the U.S. labor department shows that prices were up nearly 5.5% in July compared to the previous month. Prices for new and used cars, hotels and airplane tickets are going up.

08/11/2021

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NJ Spotlight News is a local public television program presented by THIRTEEN PBS

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