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Economy

“Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982”

“…The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday. That compared with Dow Jones estimates of 7.2% for the closely watched… Continue Reading…

Economy

“Inflation rises 7% over the past year, highest since 1982”

“…The consumer price index, a gauge that measures costs across dozens of items, increased 7%, according to the department’s Bureau of Labor Statistics. On a monthly basis, CPI increased 0.5%. Economists surveyed by Dow Jones had been expecting the measure to… Continue Reading…

Economy

“Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982”

“The consumer price index, which measures the cost of a wide-ranging basket of goods and services, rose 0.8% for the month, good for a 6.8% pace on a year over year basis and the fastest rate since June 1982. Excluding food… Continue Reading…