Annual inflation in the US is at its highest since the early 1980s

in 2021 Inflation in the United States - the world's largest economy - reached 7% . This is a rolling 12-month high since mid-1982, when President Reagan's administration was just managing to rein in stagflation.

The growth of December inflation against November (0.5%) exceeded forecasts, as well as core inflation (5.5%), which became the highest since 1991.

Inflation was driven by housing and car prices, while the contribution of more expensive energy carriers decreased by the end of the year. The economy continues to unbalance supply and demand, caused mainly by logistical problems, agency experts say.

In such conditions, there is less and less doubt that the Fed will start raising rates in March, Bloomberg notes. Fed Chairman Jerome Powell confirmed yesterday that fighting inflation will be his absolute priority.