Washington.– The inflation rate in the United States soared in January to 7.5%, five tenths above that of December, the Bureau of Labor Statistics reported Thursday.
This is the largest year-on-year increase since February 1982. and it is even above the predictions of most analysts, who foresaw a price increase of 7.3%.
As for the monthly rise, consumer prices rose six tenths in January compared to December, according to this statistic.
Excluding food and fuel prices, which are the most volatile, core inflation in January was 0.6%, with a year-on-year rate of 6%.
Energy prices (which include gasoline, crude oil, electricity and natural gas) rose 0.9% in January, the same percentage by which food prices increased, according to the government report.
Within the food segment, the price of purchases in supermarkets rose by 1%, and that of food in restaurants, by 0.7%.
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This Thursday’s data adds pressure to the Federal Reserve (Fed, responsible for dictating US monetary policy), which has a dual mandate of promoting full employment and price stability.
Fed Chairman Jerome Powell se is running for a second term as head of the organization and has already announced on several occasions that the organization’s priority at this time is the fight against high inflation, even though this means putting less emphasis on the other objective of the institution, full employment
