Post by Poor Richard on Feb 15, 2022 21:18:39 GMT -7
Inflation's grip tightens in Mountain states, Midwest as consumer prices surge higher
Fox Business News reports:
"American consumers are grappling with the hottest inflation in a generation, and some parts of the country are seeing steeper price increases than others.
The consumer price index rose 7.5% in January from a year ago, according to a Labor Department report released last week, marking the fastest increase since February 1982, when inflation hit 7.6%. The CPI – which measures a bevy of goods, ranging from gasoline and health care to groceries and rents – jumped 0.6% in the one-month period from December.
But the increase was starkest in the region that encompasses Montana, Wyoming, Idaho, Nevada, Utah, Colorado, Arizona and New Mexico, with prices surging by a staggering 9%".
Read the full story here.
The consumer price index rose 7.5% in January from a year ago, according to a Labor Department report released last week, marking the fastest increase since February 1982, when inflation hit 7.6%. The CPI – which measures a bevy of goods, ranging from gasoline and health care to groceries and rents – jumped 0.6% in the one-month period from December.
But the increase was starkest in the region that encompasses Montana, Wyoming, Idaho, Nevada, Utah, Colorado, Arizona and New Mexico, with prices surging by a staggering 9%".
Read the full story here.