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

Inflation Soars to Highest Level Since 1982 - The Ohio Star

by Harry Wilmerding The Consumer Price Index (CPI) increased 0.5% in December, bringing the key inflation indicator’s year-over-year increase to 7%, the U.S. Bureau of Labor Statistics (BLS) reported.The CPI soared to 7% on a year-over-year basis in December, the highest level in almost four decades, the BLS reported Wednesday. Economists surveyed by The Wall Street Journal projected the index would soar past 7.1% in December.“There’s still a lo…

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

U.S. consumer prices increased solidly in December as rental accommodation and used cars maintained their strong gains, culminating in the largest annual rise in inflation in nearly four decades, which bolstered expectations that the Federal Reserve will start raising interest rates as early as March.

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

WASHINGTON — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S....

Inflation jumps at fastest clip in nearly 40 years

Fox Business' Susan Li and Slatestone Wealth chief strategist Kenny Polcari weigh in amid fastest consumer price hikes since 1982.

American inflation at highest level since 1982 under Reagan

Inflation hit 7% in December - the highest level since June 1982 when Margaret Thatcher and Ronald Reagan (pictured) were in power.

US inflation crisis: Prices soar to 40-year high as pressure on Joe Biden grows

US CONSUMER prices are rising at their fastest rate in almost 40 years as pressure builds on Joe Biden.