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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
Inflation Report Keeps Fed On Track for Half-Point May Rate Increase wsj.com /2 years ago
US inflation climbed to 8.5% in March, highest rate since 1981 theguardian.com /2 years ago
London IPOs down more than 90% as war, inflation and commodity prices crush raisings fnlondon.com /2 years ago
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