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Inflation in U.S. Registers Biggest Annual Gain Since 1982

Published 01/12/2022, 08:32 AM
Updated 01/12/2022, 08:36 AM
© Bloomberg. Pedestrians carry shopping bag in San Francisco, California, U.S. Photographer: David Paul Morris/Bloomberg

(Bloomberg) -- U.S. consumer prices soared last year by the most in nearly four decades, illustrating red-hot inflation that sets the stage for the start of Federal Reserve interest-rate hikes as soon as March. 

The consumer price index climbed 7% in 2021, according to Labor Department data released Wednesday. The widely followed inflation gauge rose 0.5% from November, exceeding forecasts.

Follow the reaction in real time here on Bloomberg’s TOPLive blog

The median forecasts in a Bloomberg survey of economists called for a 7% annual gain and a 0.4% advance in the monthly measure. 

Excluding the volatile food and energy components, so-called core prices rose 0.6% from the prior month and 5.5% from a year earlier.

©2022 Bloomberg L.P.

Latest comments

Highest since 1982? Market says “lets rally” 🤣🤣 ok
We lost our way and allowed greed and excess to become the twin pillars of too much of the financial culture. We became a society utterly absorbed in consumption and dismissive of moderation.
Sounds bullish
Bullish for inflation
the only buyer is the FED
This, sadly, is not far-fetched
Buying puts , selling calls...
Meat was $4.5 a year ago now is $9 dollars is that 7% .do economist andersteand math .do they pass the test in math when they where at school?
look cpi.. they dont even account for rent
numbers are all bs they spin whatever they want but everything I've seen everywhere has gone up 30 to 50 % or more food energy auto housing ... CPI is not a true measure of reality it computer algorithm a formula that is tweaked by human hands
Time to be vegetarian guys
Meat was $4.5 a year ago now is $9 dollars is that 7% .do economist andersteand math .do they pass the test in math when they where at school?
food and energy used to be included in the inflation rates numbers. its really much higher the administration wants to admit.
Several months ago, the federal government increased food stamp benefits by 27%. What does that tell you about inflation?
China will come king of world
haz been king since 10,000 BCE
All part of Building Back "Better".
every thing is out of control from us president Biden
what does this news mean??do they mean that US will be bearish?
Boeing is still cheap
the algorithms are setup to kick in until tomorrow; today is done
And whats the results?
I'm so confused why did nasdaq rise was it because of fed Powell yesterday about the current inflation not being that bad
Check volume. There is none. Danger!
its because everybody is surprised or better confused
doesnt matter if things are going good or bad... transparency matters
people have no money to buy commodity at higher rate
this is cheap...just wait
More bull. When VIX is 50-60 I will consider buying back SPY.
Inflation is 7%? Stonks go up because inflation is not 10%. Inflation is 10%? Stonks go up because it is not 20%. Inflation 20%? ....you get the picture. Manipulated market is manipulated...
buyers and sellers manipulate each time they place an order above at or below last price
Im guessing all her are shorting
what abut Indian market gap up opening or flat with negative..
Either this was all an elaborate ruse to bring US manufacturing back home and to convince the average US consumer that more expensive goods are necessary (because Americans are hopelessly addicted to cheap, Chinese made garbage) in order for that plan to occur......OR......the incompetency at the highest levels of government is off the charts and we are death spiraling to the ground. I'll let you guys decide which one it is.
@10
Your thought shows how misinformed you are. I guess probably another trumpster. Major American businesses earn profits based on the lower manufacturing cost which means someone in other part of the world is getting exploited to fulfill capitalist's dreams. Capitalist leaders would never let this happen even your lord trump.
no bbb
Buy the rumours sell the news
of course temporary eheheheheheh bravo mr. powel lol
The curtain prepares to rise on day 3 of the biggest string of FRAUD in months.  Assume the proper position America.
Commodities bull cycle playing out. Expecting commodities to get even more expensive till July- Aug of this year. Base, precious metals will be on fire going forward. Dollar Index ready to tumble and heading to levels of 85.
But the gold is making new higher lows with decreasing volume in mark ups
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