Inflation rose 7% over the course of 2021 in the US, the largest spike since 1982. Credit: Wikipedia/Public DomainInflation rose 7% over the course of 2021 in the United States, the largest increase since 1982. The United States Labor Department released a survey of the country’s consumer price index on Wednesday, finding that the cost of goods has increased by 7%, with a monthly increase of roughly 0.5%.
This surge constitutes the fastest increase in CPI over the past 40 years, caused by a scarcity of goods and workers and a huge amount of cash flowing into the nation’s economy from Congress and the Federal Reserve.
Stock prices rose after the CPI released its report, as the news was anticipated by many investors:
