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Annual Inflation Measure Accelerates to 6.4%, Highest Since 1982, by Fed’s Preferred Measure
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Inflation reached a new 40-year peak in February, according to the Federal Reserve’s preferred gauge, buoyed in part by a surge in oil prices related to Russia’s invasion of Ukraine combined with other supply problems and strong U.S. consumer demand.
The Commerce Department said Thursday that its personal-consumption-expenditures price index climbed 6.4% in February from a year ago, faster than the 6% increase in the year ending in January. The February rise was the fastest since 1982.
Read more on wsj.comAbout this in other media
US inflation climbed to 8.5% in March, highest rate since 1981 theguardian.com /2 years ago
US Inflation Hits 8.5%, Slightly Higher Than Expected cryptonews.com /2 years ago
Bitcoin plumbs April lows as US dollar strength hits highest since May 2020 cointelegraph.com /2 years ago
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