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Inflation Reaches 7.5%, Highest Rate in 40 Years

Inflation Reaches 7.5%, Highest Rate in 40 Years

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Consumer price rose 7.5% over the past year, the highest rate of inflation since 1982, according to figures released Thursday (Feb. 10) by the U.S. Bureau of Labor Statistics. “Increases in the indexes for food, electricity and shelter were the largest contributors to the seasonally adjusted all items increase,” the department said in its report.

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