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Inflation rises 7.5% over the past year, even more than expected and the highest since 1982
3 years ago
3
Inflation rises 7.5% over the past year, even more than expected and the highest since 1982
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.
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