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Inflation Reaches 40-year High and Soars to 7.5 % in January

La inflación alcanza su máximo en 40 años y se dispara hasta el 7,5 % en enero

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[Leer en español]

The inflation rate in the United States soared in January to 7.5%, five tenths above that of December, the Bureau of Labor Statistics reported Thursday.

This is the largest year-on-year increase since February 1982 and is even above the predictions of most analysts, who expected a price increase of 7.3%.

As for the monthly increase, consumer prices rose six tenths in January compared to December, according to this statistic.

Excluding food and fuel prices, which are the most volatile, core inflation in January was 0.6%, with a year-on-year rate of 6%.

Energy prices (which include gasoline, crude oil, electricity and natural gas) rose by 0.9% in January, the same percentage by which food prices increased, according to the government report.

Within the food segment, the price of purchases in supermarkets rose by 1 %, and that of food in restaurants by 0.7 %.

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