US Labor Department officials have announced the highest inflation rate in 40 years. They said on Thursday that the rate in January rose 7.5 percent over a year earlier.
The consumer price index measures what people pay for a basket of goods and services. Americans find themselves paying more for the things they need.
Food prices rose 7 percent. Shelter rose 4.4 percent. Electricity rose 10.7 percent. Gasoline rose 40 percent.
A shortage of workers has tied up the supply chain and driven up prices. But some economists predict inflation will slow down over the course of the year.
The consumer price index measures what people pay for a basket of goods and services. Americans find themselves paying more for the things they need.
Food prices rose 7 percent. Shelter rose 4.4 percent. Electricity rose 10.7 percent. Gasoline rose 40 percent.
A shortage of workers has tied up the supply chain and driven up prices. But some economists predict inflation will slow down over the course of the year.
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Summary
Highest U.S. inflation rate in 40 years announced, with a 7.5% increase from January 2021. Key drivers include food (up 7%), shelter (4.4%), electricity (10.7%), gasoline (40%) and labor shortages impacting supply chains. Some economists predict slowdown later in the year.
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ID: 62064762-7eac-40d9-a0a0-017635ed5dbd
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220211_N01/
Date: Feb. 11, 2022
Created: 2022/02/11 20:24
Updated: 2025/12/09 17:55
Last Read: 2022/02/11 20:24