US inflation climbs to its highest level since 1982
Created: 01/12/2022Updated: 01/12/2022, 3:06 PM
The inflation rate in the US is higher than it has been in decades.
© Arno Burgi / dpa-Zentralbild / dpa
Analysts had expected it, now their forecasts have come true: consumer prices have risen significantly in the USA.
Washington - US inflation continued to accelerate 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 significantly 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.
(dpa)
