After securing a contract in 2020, US economic growth has risen sharply since 1984 to 5.7 percent in 2021, the second year of the Covid-19 epidemic, the government reported on Thursday.
But Omicron virus strikes slowed recovery in the last quarter of the year, when GDP grew by 6.9 percent, reports the Department of Trade.
Prices are accelerated during the year, the highest increase in the October-December period by a 6.5 percent increase in the personal expense index (PCE) – the Federal Reserve’s target. That was the largest increase in 40 years.
Over the year, inflation rose 3.9 percent, according to data.
Despite food prices and volatility rising sharply year-on-year, the main PCE price index rose 3.3 percent in 2021, and 4.9 percent in the fourth quarter.