Inflation accelerates 7.5% in January, hitting a fresh 40-year high
Inflation notched another four-decade high in January, as strong consumer demand and pandemic-related supply-chain snarls fueled rapid price gains that wiped out the benefits of rising wages for most Americans.
Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982
The consumer price index was expected to increase 7.2% from a year ago, according to a Dow Jones economist survey.
This is not good news no matter how you slice it.
Last edited:
