Researchers are expanding our understanding of the “huge variation” with which inflation strikes households and groups

WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S.

The inflation rate in the U.S. hit a 40-year high. We look back at historical inflation, and where experts think it may be headed next.

WASHINGTON (AP) — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.

Nonfarm payrolls were expected to increase 150,000 in January, according to economists surveyed by Dow Jones.

Seventy-nine percent of U.S. adults expect inflation to go up over the next six months, including 50% who say it will go up a lot.

Gross domestic product accelerated at a 6.9% annualized pace in the fourth quarter, well ahead of the 5.5% estimate.

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WASHINGTON (AP) — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods.

The U.S. economy grew last year at the fastest pace since Reagan's presidency, bouncing back with resilience from 2020's brief coronavirus recession.

CNN Business tracks key economic indicators to provide a comprehensive, up-to-date picture of the US Economy. Data on this dashboard is refreshed automatically.

It's going to cost you more to wash your clothes.

There's no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have continued to soar, too. But the question on the minds of many economists and Wall Street strategists is whether something even worse could be in the cards: prices rising as the economy slows.

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Higher inflation is on people’s minds, so we tackle a handful of questions posed online and during a recent inflation event.

Inflation Charting: Center for Inflation Research

Consumer prices jumped 7% in December compared with 12 months earlier — the hottest year-over-year inflation since June 1982. What is causing prices to increase and when can Americans expect a reprieve?

The U.S. inflation rate has seen its fastest annual increase in over 30 years. Which consumer spending categories have been hit the hardest?

Where does the world's economic activity take place? This cartogram shows the $94 trillion global economy divided into 1,000 hexagons.

Although workers across the country have seen an increase in wages, the prices of things like gas and food have also risen, leaving workers wondering if their raises are real.

The holidays feel more expensive this year because they are.

WASHINGTON (AP) — U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season under way. The November increase, reported Thursday by the Commerce Department, followed a 5.1% rise for the 12 months ending in October, continuing a string of annual price gains that have run well above the 2% inflation target set by the Federal Reserve.

Which countries and regions contribute the most to the world economy? In this infographic, we break down all $94 trillion of global GDP by country.

Like their loyal customers, Detroit's iconic potato chip maker Better Made Snack Foods Inc. is feeling the squeeze of inflated food prices. As a result of supply chain disruptions and shortages in key raw materials, the cost of a bag of Better Made barbecue flavored potato chips is going up. …

Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday.

WASHINGTON (AP) — A warehouse worker in Tennessee is running up against price increases that far exceed her modest pay raise. The owner of a pastry business in Massachusetts has had to reduce his product offerings and personally absorb higher costs.