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: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

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

Supreme Court clears fast-track deportations to random third countries

China-US trade falls 10.4% in H1-2025 to $289.36 billion

"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

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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