U.S. consumer prices soared 7 percent in past year, most since 1982

Prices paid by U.S. consumers jumped in December 2021 compared to a year earlier, the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America’s households. | Nam Y. Huh/AP Photo

By ASSOCIATED PRESS

01/12/2022 09:25 AM EST

.cms-textAlign-left{text-align:left;}.cms-textAlign-center{text-align:center;}.cms-textAlign-right{text-align:right;}.cms-magazineStyles-smallCaps{font-variant:small-caps;}

Prices paid by U.S. consumers jumped 7 percent in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America’s households.

Inflation has spiked during the recovery from the pandemic recession

→ Continue reading at Politico