For consumers, inflation has become the most important economic issue
Rating agency revises its forecast for 2022
Core prices jumped 5.5% year over year in the United States, the highest such increase since 1991, driven in part by mismatches between demand and supply
Rate rises to accelerate as Fed pivots on inflation
The Fed chair said Tuesday that inflation poses a major threat to the job market
A strategy paper highlights several low-cost options
Soaring energy prices were the primary source of rising prices
Wages also rose sharply in December, with average hourly pay jumping 4.7%
Energy costs jumped 26%, Eurostat reports, while food price increases also contributed to European inflation
Oil prices and consumer goods demand are among the variables that will affect inflation this year, bank economists suggest