Inflation accelerates 7.5% in January, hitting a fresh 40-year high

Experts weigh in on rising concerns over inflation on 'Making Money.'

Inflation surged again in January, notching another four-decade high 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. The consumer price index rose 7.5% in January from a year ago, according to a new Labor Department report released Thursday, marking the fastest increase since February 1982, when inflation hit 7.6%. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.6% in the one-month period from December.

Economists expected the index to show that prices surged 7.3% in January from the previous year and 0.5% on a monthly basis. So-called core prices, which exclude more volatile measurements of food and energy, climbed 6% in January from the previous year – a sharp increase from December, when it rose 5.5%. It was the steepest 12-month increase since August 1982.

Inflation accelerates 7.5% in January, hitting a fresh 40-year high! Economy Inflation The American People are suffering the consequences of Failed Political Leadership. FoxNews GOP HouseGOP SenateGOP GOPGovs

Makes you wonder what the real numbers really are

Let me guess they blame it on those joke stimulus checks.

Feds are raising rates 1.5 Basis point.. market will crash feds gave announced it’s going to happen..

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Thanks Brandon!

This is what happens when you let a bunch of New York Democrats in charge of the national money supply. This doesn't even include F & F. What a disaster.... Now you all get to live through Carter on steroids.

For context, inflation rose 7.5% during the entire 4 year Trump administration. Biden is a disaster.

Thanks joey

dayman23

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