Inflation Hits A Nearly 40-Year High, Impacting Businesses Across The Nation

NBC News published this video item, entitled “Inflation Hits A Nearly 40-Year High, Impacting Businesses Across The Nation” – below is their description.

Inflation is surging to its fastest pace in nearly 40 years and is up 6.8 percent from a year ago. The spike in prices is affecting businesses and families and is getting worse with the holidays with some Americans even opting out of gift giving this year as they simply cannot afford them.

NBC News YouTube Channel

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NBC News is the news division of the American broadcast television network NBC.

NBC News aired the first, regularly scheduled news program in American broadcast television history on February 21, 1940.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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The National Broadcasting Company is an American English-language commercial broadcast television and radio network which is the flagship property of and owned by Comcast. The network is headquartered at 30 Rockefeller Plaza in New York City, with additional major offices near Los Angeles, and Chicago.

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