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Consumer Prices Rose 7% In 2021 With Menu-Price Increase, At 6% Highest Since 1982

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The Consumer Price Index data released by the Bureau of Labor Statistics show consumer prices rose 7% on a seasonally unadjusted basis for the 12 months ended December, up from 6.8% in November. It was the largest gain in the CPI since 1982. Economists point the finger at supply-chain issues, soaring energy prices, and federal…

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