The consumer price index, an inflation gauge that measures costs across dozens of items, rose 7% in December from a year earlier, the fastest pace since June 1982.
Excluding food and energy, so-called core CPI was up 5.5% on the year, the biggest growth since February 1991.
Excluding food and energy, so-called core CPI was up 5.5% on the year, the biggest growth since February 1991.
Inflation rises 7% over the past year, highest since 1982
The consumer price index for December 2021 was expected to increase 7% from a year ago, according to economists surveyed by Dow Jones.
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