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Chloe26
2022-02-10

Inflation

Inflation Rises 7.5% over the past Year, the Highest since 1982

Consumer prices in January surged more than expected over the past 12 months, indicating a worsening

Inflation Rises 7.5% over the past Year, the Highest since 1982

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It was the highest reading since February 1982.</p><p>Stripping out volatile gas and grocery costs, the CPI increased 6%, compared to the estimate of 5.9%.</p><p>The monthly rates also came in hotter than expected, with headline and core CPI both rising 0.6%, compared to the estimates for a 0.4% increase on both measures.</p><p>Core inflation rose at its fastest level since August 1982.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173531022","content_text":"Consumer prices in January surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year.The consumer price index, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared to a year ago, the Labor Department reported Thursday.That compared to Dow Jones estimates of 7.2% for the closely watched inflation gauge. 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Inflation Rises 7.5% over the past Year, the Highest since 1982

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