Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace
Member of the Ansar Allah Political Bureau, Mohammed al-Bukhaiti: The Israeli aggression on Yemen will not deter us from continuing to support Gaza, no matter the sacrifices
Al Mayadeen's correspondent: The Israeli aggression targeted the Yemeni Oil Company station on Al-Sitteen Street, southwest of the capital, Sanaa, with several raids

US consumer prices witness biggest jump in 40 years

  • By Al Mayadeen Net
  • Source: Agencies
  • 10 Mar 2022 18:55
  • 1 Shares
2 Min Read

Consumer prices in the US hit the largest increase since the period ending January 1982.

  • x
  • US consumer prices witness biggest jump in 40 years
    US consumer prices witness the biggest jump in 40 years.

US consumer prices were up 7.9 percent in the year to February, indicating the fastest inflationary growth in four decades, the US Labor Department announced on Thursday. 

In the year to January, US consumer prices rose by 7.5%, which was also a 40-year high. 

Related News

Merz eyes new alike-thinking trade partners over US tariffs

JD Vance says 'Russians have made significant concessions' to Trump

"The all items index rose 7.9 percent for the 12 months ending February," the department mentioned in a news release, referring to the Consumer Price Index for All Urban Consumers.

Prices increase the highest since 1982

According to the press release "The 12-month increase has been steadily rising and is now the largest since the period ending January 1982."
 
For February alone, the indicator showed a 0.8 percent growth from January. 
 
The Consumer Price Index for All Urban Consumers, known in short as CPI, is among the indicators watched by the Federal Reserve to determine the timing for its first pandemic-era interest rate hike. 
 
The Federal Reserve dropped interest rates to virtually zero after the outbreak of the COVID-19 pandemic in March 2020, keeping them at between zero and 0.25 percent.

Series of rate hikes

The US Central Bank is preparing for a series of rate hikes this year, with the first expected as early as next week at the March 15-16 meeting of its policy-making Federal Open Market Committee. 
 
Federal Reserve bankers believe such rate hikes are necessary to counter runaway inflation experienced since last year. The central bank’s tolerance for inflation is a mere 2 percent a year. 
 
After slashing interest rates to near zero, the Federal Reserve provided stimulus of more than $2 trillion over the past two years to ensure enough money to sustain credit markets.

On top of that, the federal government spent trillions of dollars more on pandemic relief measures, while employers paid out higher wages to working Americans. 
 
All that money, along with supply chain bottlenecks arising from the pandemic, has created soaring inflation as the economy grew 5.7 percent last year after a 3.5% contraction in 2020.

  • United States
  • COVID-19 pandemic
  • Washington
  • COVID-19
  • US
  • inflation

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Displaced Palestinians walk through a makeshift camp along the beach in Gaza City, Sunday, Aug. 10, 2025 (AP)

Hamas, other factions accept Egypt-Qatar ceasefire proposal: Exclusive

  • Politics
  • 18 Aug 2025
Palestine will not be liberated by UN reports, but by pursuing a different strategic horizon: one that does not beg for recognition. (Al Mayadeen English; Illustrated by Batoul Chamas)

Economy of Genocide: Albanese's report accuses, but doesn't dismantle system

  • Opinion
  • 18 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS