Market News - February 11, 2022
Following another sharp increase in consumer prices, the US inflation-rate climbed to 7.5% - a 40-year high. Big increases in the cost of rent, food, and energy drove the consumer price index up 0.6% in the first month of the new year. The increase greatly exceeded Wall Street's forecast of a 0.4% gain. The 7.5% surge in the cost of living in the past 12 months is the biggest since February 1982.