U.S. Consumer Price Growth Continues To Accelerate In December

A highly anticipated report released by the Labor Department on Wednesday showed the annual rate of U.S. consumer price growth once again reached the highest level in almost 40 years in December. The report showed the annual rate of consumer price growth accelerated to 7.0 percent in December from 6.8 percent in November, showing the biggest yearly jump since June of 1982.

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