The US Consumer Price Index (CPI) surged 7.5% in January from the same month a year ago, the highest rise since February 1982.

The CPI for January announced by the U.S. Department of Labor on the 10th was higher than the previous month (7.0%) and exceeded the analyst’s forecast of 7.3% compiled by Bloomberg News. The rate of increase from the previous month was also 0.6%, higher than the market expectation of 0.4%.

The CPI recorded more than 6% for four consecutive months, including 6.2% in October, 6.8% in November, and 7.0% in December. There is an analysis that this has grown.

Excluding energy and food, which has high volatility, the core CPI rose by 6.0% from the same month of the previous year and 0.6% from the previous month, respectively.

Author: MI Asian Staff