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A shopper inside a women s clothing store in the East Village neighborhood of Des Moines, Iowa, U.S., on Saturday, Feb. 5, 2022.Kathryn Gamble鈥擝loomberg/Getty ImagesBy Reade Pickert / BloombergFebruary 10, 2022 10:18 AM ESTU.S. consumer prices surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high and adding more urgency to the Federal Reserversquo plans to start raising interest rates.The consumer price index climbed 7.5% from a year earlier following a 7% annual gain in December, according to Labor Department data released Thursday. The widely followed inflation gauge rose 0.6% in January from a month earlier, reflecting broad increases that included higher food, electricity and housing costs.Excluding the volatile food and energ [url=https://www.cup-stanley.ca]stanley cup[/url] y components, so-called core prices increased 6% from a year ago, also the most since 1982, and 0.6% from a month earlier.Economists have underestimated the monthly change in the CPI in eight [url=https://www.cup-stanley.com.de]stanley cup[/url] of the last 10 months.The data reinforce the Fedrsquo intentions to begin raising rates next month to combat broad-based inflationary pressures and could lead markets to expect even more aggress [url=https://www.stanley-cup.it]stanley cup[/url] ive action from the central bank. The steady run-up in prices has eroded recent wage gains and diminished American familiesrsquo; purchasing power, sucking much of the air out of what has been an exceptional bounceback in the U.S. economy.Leading up to the Fedrsquo March 15-16 meeting, policy makers will also have Sonl Artists Create Giant Portraits on UK Beaches Honoring World War I Soldiers on the 100th Anniversary of Armistice Day
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