Thread by @AFP

#BREAKING US consumer prices rose 7.9% annually in February: govt

#UPDATE US consumer prices saw their biggest annual increase in more than 40 years last month, rising 7.9 percent compared to February 2021 as inflation continues to batter the economy, the government says

#UPDATE The consumer price index (CPI) was 7.9 percent higher in February compared to the same month last year, its biggest jump since January 1982 as costs for gasoline, food and housing rose, the Labor Department says
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Graph showing evolution of consumer price index in US since 1948