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U.S. Bureau of Labor Statistics

U.S. Bureau of Labor Statistics

What caused inflation to spike after 2020?

U.S. Bureau of Labor Statistics
Summary
Nutrition label

80% Informative

The U.S. was experiencing a period of low inflation before 2020 .

Then, in early 2020 , the coronavirus disease 2019 ( COVID-19 ) created various market problems, causing prices for goods and services to rise.

Core inflation is the level of slack or tightness in the labor market.

The ratio of job vacancies to unemployment contributed almost a third of the rise in core inflation.

VR Score

92

Informative language

98

Neutral language

63

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

no external sources

Source diversity

no sources

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