According to US government announcement on Wednesday, consumer prices in 2021 rose to a historic high, which was set only in June 1982, an inflation that troubled President Biden amid the economic recovery from the pandemic.
CPI jumped 7% in the 12 months to December. The spike was initially confined to items like used cars and energy.
However, it differs from what was showed in November, as the CPI (consumer price index) slowed to 0.5 percent, indicating the price surge may be nearing a peak.
According to the latest data, the inflation spread in December beyond those s...