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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  • cutieee
    ·2022-02-11
    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.
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  • lemonadey
    ·2022-02-11
    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.
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  • qingg123
    ·2022-02-11
    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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