U.S. inflation rate heats up to another 40-year high at 7.9%
2022-03-10
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9 per cent over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.Oil prices have skyrocketed in recent weeks, an increase that hasn’t yet been factored into the already high inflation rate. (Simon Dawson/Bloomberg)Propelled…Continue Reading