Once again consumer prices have sharply risen, marking the largest increase in annual inflation in nearly four decades.
The consumer price index rose 0.5 percent in December, following hot on the heels of a 0.8 percent increase in November , the Labor Department revealed on Wednesday. For the 12 month ending in December, the consumer price index rose 7 percent, marking the largest 12-month increase since the period ending in June 1982. This jump followed a 6.8 percent rise in November.
For items minus the more volatile food and energy categories, prices rose 5.5 percent in the 12-month period ending in […]
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