US inflation soars to 7%, the highest in 40 years

U.S. 01/14/22, 01:17

According to the Consumer Price Index (CPI) News Release published by the U.S. Bureau of Statistics on Wednesday, Jan. 12, the CPI "rose 7.0% for the 12 months ending December, the largest 12-month increase since the period ending June 1982." This trend was largely anticipated by many. However, while the Biden ...

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