US inflation soared 7% in past year, the most since 1982

Summary by Ground News

Inflation has spiked during the recovery from the pandemic recession. Americans have ramped up spending on goods such as cars, furniture and appliances. Gas prices have also surged, in part because Americans have driven more. Poll show that inflation has started displacing even the coronavirus as a public concern.

Published 1 year ago · Washington, United States

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Times of India

US inflation hits 39-year high

Market expectations for Fed tightening expected in March and 2022 as a whole were largely unchanged after the report

1 year ago·Mumbai, India

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BBC News

US inflation rate hits near 40-year high

Inflation rate rises by 7% in December, piling more pressure on the US central bank to raise interest rates.

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News18 India

US Consumer Prices Rose 7% in 2021, Fastest Pace Since June 1982

The world's largest economy saw a record price increases last year as rising demand and a return to normalcy collided with labor shortages and global supply chain snarls.

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The Guardian

US inflation jumped 7% in December as prices rise at rates unseen in decades

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Reuters

U.S. consumer prices increase strongly in December

U.S. consumer prices rose solidly in December, with the annual increase in inflation the largest in nearly four decades, which could bolster expectations that the Federal Reserve will start raising interest rates as early as March.

1 year ago·United Kingdom

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CTV News

U.S. consumer prices soared 7 per cent in past year, most since 1982

Consumer inflation jumped in December at its fastest year-over-year pace in nearly four decades, surging 7 per cent and raising costs for consumers, offsetting recent wage gains and heightening pressure on U.S. President Joe Biden and the Federal Reserve to address what is increasingly Americans' central economic concern.

1 year ago·Toronto, Canada

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