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Price Inflation Is At The Highest Level Since 1982. What Will The Fed Do?

Price Inflation Is At The Highest Level Since 1982. What Will The Fed Do?

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According to new data released Wednesday by the BLS, price inflation in December rose again to a new multi-decade high, rising to the highest level recorded in nearly 40 years. According to the Consumer Price Index (CPI) for December, year-over-year price inflation rose to 7.1 percent. It hasn’t been that high since June 1982, when the growth rate was at 7.2 percent.

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