U.S. Consumer Prices Post Largest Annual Gain In 40 Years As Inflation Becomes Widespread

10 February 2022

In the 12 months through January, the CPI jumped 7.5%, the biggest year-on-year increase since February 1982. In the 12 months through January, the so-called core CPI jumped 6.0%.

The broad increase in prices reported by the Labor Department on Thursday was led by soaring costs for rents, electricity and food.

That was underscored by a second report from the Labor Department showing initial claims for state unemployment benefits fell 16,000 to a seasonally adjusted 223,000 for the week ended Feb. 5.

Source: Reuters
Post by: Republic of Turkiye Ministry of Trade