Key inflation gauge hit 6.1% in January, highest since 1982
A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 24, 2022. Just what a vulnerable world economy didn’t need — a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese developers and families in Africa that are enduring soaring food prices. Russia’s attack on Ukraine and retaliatory sanctions from the West may not portend another global recession. (AP Photo/Ahn Young-joon)
By CHRISTOPHER RUGABER
AP Economics Writer
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine...
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