Semiconductors Supply Shortage to Further Car Prices Hike Amid Inflation in US - Report

Last year, the US faced inflation rates unseen in several decades, as the CPI jumped 6.8% on a year-on-year basis, according to the latest index compiled in December. The White House blamed the price increases on supply-chain bottlenecks and other pandemic-related economic disruptions, while Republicans pointed at Biden's huge spending agenda.