The US consumer price index is expected to have risen in January at its fastest annual pace since 1982, as inflationary pressures continue to afflict the rapid economic recovery.
According to the consensus forecast of economists polled by Reuters, CPI increased 7.3 per cent last month compared with January 2021, a more rapid rate than the 7 per cent annual rise recorded in December.
On a monthly basis, CPI is expected to have climbed 0.5 per cent, similar to its pace in December. The data are scheduled to be released at 8:30am Eastern time on Thursday.
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