novben7
2022-02-10

The annual inflation rate in the US accelerated to 7.5% in January of 2022, the highest since February of 1982 and well above market forecasts of 7.3%, as soaring energy costs, labour shortages, and supply disruptions coupled with strong demand. Energy remained the biggest contributor (27% vs 29.3% in December), with gasoline prices surging 40% (49.6% in December). Inflation accelerated for shelter (4.4% vs 4.1%); food (7% vs 6.3%), namely food at home (7.4% vs 6.5%); new vehicles (12.2% vs 11.8%); used cars and trucks (40.5% vs 37.3%); and medical care services (2.7% vs 2.5%). Excluding volatile energy and food categories, the CPI rose 6%, the most since August of 1982. The January figure includes changes in seasonal adjustment factors with the bigger weight given to used cars and trucks and a smaller one for food away from home. source: U.S. Bureau of Labor Statistics

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Comments

  • zippiee
    2022-02-11
    zippiee
    The Federal Reserve may raise interest rates several times this year to cope with inflation, and the earliest rate hike will probably take place in March.
  • whimsie
    2022-02-11
    whimsie
    The current supply chain problem is expected to last until the second half of this year, so enterprises can only continue to raise prices in the face of rising costs.
  • glintzi
    2022-02-11
    glintzi
    The yield of US 10-year Treasury bonds exceeded 2% and inflation exceeded expectations, which was negative for the stock price.
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