FourDecade

The U.S. Labor Department’s consumer price index (CPI), the most widely used gauge for tracking inflation, rose to an annual clip of 7%, hitting predictions made by economists, marking the highest increase since June 1982 and topping November’s 6.8% increase.The core CPI, which excludes more volatile energy and food prices, rose by 0.6% month-over-month, exceeding economists’ … [Read more...] about US Inflation Rose to Nearly Four-Decade High of 7% in December