Comment on U.S. inflation sets a fresh 40-year high over past year: 7.9%

U.S. inflation sets a fresh 40-year high over past year: 7.9%

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

 

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