US inflation soared 7% in past year, the most since 1982
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
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 KingdomRead Full Article
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, CanadaRead Full Article
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