2021 Ranks as Biggest Year for Inflation in Four Decades

Wall Street Journal: “Economists estimate the Labor Department’s consumer-price index—which measures what consumers pay for goods and services—rose 7.1% in December from the same month a year ago, up from 6.8% in November. That would mark the fastest pace since 1982 and the third straight month in which inflation exceeded 6%.”

New York Times: Inflation expected to climb again as policymakers await elusive peak.