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February 12, 2022
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Inflation in the US soared to 7.5% in January

Inflation in the US soared to 7.5% in January

As for the monthly comparison, consumer prices rose six tenths in January compared to December, according to this statistic.

If food and fuel prices, which are the most volatile, are excluded, core inflation in January was 0.6%, with an annual rate of 6%.

Energy prices (which include gasoline, crude oil, electricity and natural gas) rose 0.9% in January, the same percentage that food prices increased, according to the government report.

Within the food segment, the price of purchases in supermarkets rose 1%, and that of food in restaurants, 0.7%.

This Thursday’s data adds pressure to the Federal Reserve (Fed, responsible for dictating US monetary policy), which has a dual mandate to promote full employment and price stability.

The president of the Fed, Jerome Powell, is running for a second term as head of the organization and has already announced on several occasions that the organization’s priority at the moment is the fight against high inflation, even if this means putting less emphasis on the another objective of the institution, full employment.



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