U.S. Inflation Jumped 7.5% in the Past Year, a 40-Year High an | G3 News

U.S. Inflation Jumped 7.5% in the Past Year, a 40-Year High and More Than Expected

@G3News: Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.

The Labor Department said Thursday (Feb. 10) that consumer prices jumped 7.5% last month compared with a year earlier, the steepest year-over-year increase since February 1982. The acceleration of prices ranged across the economy, from food and furniture to apartment rents, airline fares and electricity.
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