US inflation soared 7% in past year, the most since 1982
US inflation soared 7% in past year, the most since 1982
By Christopher Rugaber | The Associated Press
Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.
Prices have risen sharply for cars, gas, food and…
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