The inflation of the United States rose in January more than expected, reaching 7.5%; the fastest pace since 1982, after a 7% annual gain in December, according to Labor Department data released Thursday, February 10.
Thus, the consumer’s price index (CPI) rose 0.6% in January from the previous month, reflecting broad increases that included higher food, electricity and housing costs.
Excluding volatile food and energy components, so-called core prices rose 6% from a year earlier, also the most since 1982, and 0.6% from a month earlier.
According to Bloomberg, the data reinforces the Federal Reserve’s (Fed) intentions to start raising rates next month to combat widespread inflationary pressures and could lead markets to expect even more aggressive action from the central bank. .
Ahead of the Fed meeting on March 15-16, policymakers will also have the February CPI report on hand.
Source: Larepublica
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