The latest government data on inflation was released Thursday.
February 10, 2022, 1:43 PM
• 2 min read
Share to FacebookShare to TwitterEmail this articleThe prices Americans pay for a basket of goods and services continued to climb rapidly last month, according to new government data.
The consumer price index -- a key measure of inflation -- surged 7.5% over the last 12 months, the Labor Department said Thursday. This marks the largest 12-month increase since February 1982. The index surged 0.6% in January alone.
The so-called core index, or measure for all items except the more volatile food and energy indices, spiked 6% over the last 12 months. It was the largest 12-month change since August 1982.
Prices are displayed outside of a Manhattan business on Jan. 12, 2022 in New York City. Newly released data shows that inflation growth, as prices rose on everything from gas to furniture for American shoppers.
This is a developing story. Please check back for updates.
