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

Economic IndicatorsJan 12, 2022 08:36AM ET
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© 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.

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

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Comments (41)
Mike Lomash
Mike Lomash Jan 13, 2022 3:19AM ET
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Highest since 1982? Market says “lets rally” 🤣🤣 ok
Chris Hall
Chris Hall Jan 12, 2022 8:20PM ET
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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.
Kim Jungs Son
Kim Jungs Son Jan 12, 2022 1:25PM ET
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Sounds bullish
Joshua Bromilow
Joshua Bromilow Jan 12, 2022 1:25PM ET
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Bullish for inflation
jj mm
jj mm Jan 12, 2022 12:06PM ET
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the only buyer is the FED
jannis staffing
jannis staffing Jan 12, 2022 12:06PM ET
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This, sadly, is not far-fetched
Joshua Bromilow
Joshua Bromilow Jan 12, 2022 12:06PM ET
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Buying puts , selling calls...
ben sc
ben sc Jan 12, 2022 12:00PM ET
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They're not hiking rates til March. The Fed wants inflation. Buckle up folks.
ben sc
ben sc Jan 12, 2022 11:56AM ET
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This should be the death of MMT, just a shame it had to destroy the middle classes and low income people with it.
Fidencio de Leon
Fidencio de Leon Jan 12, 2022 11:26AM ET
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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?
Hello There
Hello There Jan 12, 2022 11:26AM ET
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You should look up how inflation is measured to get the CPI
Henrique Donato
Henrique Donato Jan 12, 2022 11:26AM ET
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didnt know inflation was measured on meat price... good to know
Joshua Bromilow
Joshua Bromilow Jan 12, 2022 11:26AM ET
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look cpi.. they dont even account for rent
Chris Hall
Chris Hall Jan 12, 2022 11:26AM ET
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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
Sebastien Muller
Sebastien Muller Jan 12, 2022 11:26AM ET
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Time to be vegetarian guys
Fidencio de Leon
Fidencio de Leon Jan 12, 2022 11:26AM ET
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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?
William Riley
William Riley Jan 12, 2022 11:12AM ET
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food and energy used to be included in the inflation rates numbers. its really much higher the administration wants to admit.
Ronald Warren
Ronald Warren Jan 12, 2022 11:12AM ET
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Several months ago, the federal government increased food stamp benefits by 27%. What does that tell you about inflation?
Bhagwan Dass
Bhagwan Dass Jan 12, 2022 11:05AM ET
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China will come king of world
Joshua Bromilow
Joshua Bromilow Jan 12, 2022 11:05AM ET
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haz been king since 10,000 BCE
 
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