U.S. Inflation Rate Gallops To 7.5% In January

Householders in the U.S. see prices of goods and services race upwards to more than anticipated last month, pushing annual inflation up to 7.5 percent – the highest rate since 1982.

Excluding the cost of food and energy, which tend to be more volatile, prices increased by six percent between January 2021 and January 2022. 

Food prices rose seven percent over the same period, while energy prices rose 27 percent, led by oil and gasoline prices.

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Edited by Jesus Chan

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