US consumers battling to deal with impact of high costs of living, fuel prices and food - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

South African consumers are not alone in their daily struggle to deal with the rapid rise in the costs of living, this as American households are battling the highest consumer price inflation last recorded more than 40 years ago.

Meanwhile, South Africa’s consumer inflation number peaked to 6.5% in May.Annual inflation in the US has jumped faster than any of the other G7 countries according to the Organisation for Economic Corporation and Development .

“So, your getting the same amount of money and your having to draw up the same amount of miles but its costing you twice as much. And its affecting everybody.” “I’ve noticed that its gone up a lot and last time I paid fifty dollars and it shocked me because I was expecting to fill it up and go to work ‘and all of a sudden I’m paying with my credit card and its just going up and up and up. And even from just gas prices to regular stores and fast food places, has gone up by what you used to pay for regular meals has now gone up from seven dollars to 11 dollars. And the more expensive it gets the harder it is to manage my money.

News Director at Southern Farm Network, Micheal Davis says one of the reasons for the escalation of food prices in America is because farmers are passing input costs to consumers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Doesn't mean that ANC is f*cking this country up. Sorry to burst your bubble.

Why tell us about USA ? An advanced economy with less than 10% of unemployment! VoetsekANC VoetsekSAMedia

I'm beginning to hate this South Africa and USA comparison nonsense as if we like it, USA is terrorist county

sare bolella ka america

Don't tell us about Americans. We are indeed alone.

Dirt .. Both countries have NEØ Puppets. When one takes a “Dulp”, so does the other! Mirror! The same script .. Dimwit Media!

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Where South African business owners read the newsBusinessTech is the largest and most influential business publication in South Africa.
Source: BusinessTechSA - 🏆 24. / 61 Read more »