US Inflation Hits New 4-Decade High of 7.5% in January

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The most important driver for general inflation continued to be used-car costs, with a rise of 40.5% in January from a 12 months in the past and 1.5% larger than in December. Meals costs surged 0.9% month-over-month, including as much as a 7% improve year-over-year, the very best since 1981. Vitality prices superior 0.9% in January.

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