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Home / Government / US inflation soared 7.9% in past year, a fresh 40-year high (access required)

US inflation soared 7.9% in past year, a fresh 40-year high (access required)

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% in the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

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