POINTS
The consumer price index for all items rose 0.6% in January, driving up annual inflation by 7.5%.
That marked the biggest gain since February 1982 and was even higher than the Wall Street estimate.
Core inflation rose 6%, which also was a notch above expectations.
Real earnings for workers increased just 0.1% on the month when accounting for inflation.
Weekly jobless claims declined to 223,000, below the 230,000 estimate.
POINTS
The consumer price index for all items rose 0.6% in January, driving up annual inflation by 7.5%.
That marked the biggest gain since February 1982 and was even higher than the Wall Street estimate.
Core inflation rose 6%, which also was a notch above expectations.
Real earnings for workers increased just 0.1% on the month when accounting for inflation.
Weekly jobless claims declined to 223,000, below the 230,000 estimate.
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