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USA: Inflation rises to its highest level since 1982

Wednesday, 01/12/2022 2:47 PM from

dpa-AFX

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The New York Statue of Liberty. New York is the stock exchange metropolis of the United States. pexels.com

WASHINGTON (dpa-AFX) – The rise in prices in the USA accelerated further from a high level in December. Consumer prices rose by 7.0 percent compared to the same month last year, as the Department of Labor announced in Washington on Wednesday. This is the highest inflation rate since 1982. Analysts had expected this development.

Compared to the previous month, consumer prices rose by 0.5 percent. An increase of 0.4 percent was forecast here.

The rate is thus even more clearly above the US Federal Reserve’s inflation target of two percent. The US Federal Reserve wants to end its bond purchases by March to support the economy. Some Fed members have already signaled an initial rate hike for March./jsl/la/mis

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