U.S.-ECONOMY-CPI-RECORD HIGH

U.S.-ECONOMY-CPI-RECORD HIGH

(220113) -- NEW YORK, Jan. 13, 2022 (Xinhua) -- A customer shops for meat at a Target store in New York, the United States, Jan. 12, 2022. U.S. consumer prices in December continued to rise at the fastest annual pace in almost 40 years, which could push the Federal Reserve to raise interest rates earlier, the U.S. Labor Department reported on Wednesday. The consumer price index (CPI) last month rose 0.5 percent from the previous month and 7.0 percent from a year earlier, the largest 12-month increase since June 1982, according to the Bureau of Labor Statistics of the department. (Xinhua/Wang Ying)

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  • ILEA000870054
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