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

17 days ago·Washington, United States
General Summary
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.
Summary by Ground News
Yahoo News

US Inflation Rate Rises to Four-Decade High of 7% in December

The U.S. Labor Department’s Consumer Price Index (CPI), the most widely used gauge for tracking inflation, rose to an annual clip of 7.0%, hitting predictions made by economists. The core CPI, which excludes more volatile energy and food prices, accelerated to 0.6% month-over-month, exceeding economists’ forecasts. Many investors say bitcoin can act as a hedge against inflation, since its supply is tightly controlled by the underlying blockcha…

17 days ago·Los Angeles, United States
Ownership:Verizon Communications
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

17 days ago·Mumbai, India
Ownership:Sahu Jain family
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.

17 days ago·United Kingdom
Ownership:Public Broadcasting
The Guardian

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

December is the seventh consecutive month in which inflation topped 5%, a blow to the Biden administration and Federal Reserve

17 days ago·London, United Kingdom
Ownership:Scott Trust Limited
CBC News

U.S. inflation rises to yet another 40-year high of 7%

The U.S. inflation rate is at its highest level in 40 years and showing no signs of slowing down, new data revealed Wednesday.

17 days ago·Canada
Ownership:Canadian Broadcasting Corporation

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.

17 days ago·United Kingdom
Ownership:The Woodbridge Company

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Times of India
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Washington Times
Pioneer Press
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L 25%
C 49%
R 26%
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