Inflation Continues to Rise, Worst Mark in 40 Years

Feb. 15, 2022

Inflation has risen more in the last 12 months than in any other 12 month period since 1982. 

Feb. 15, 2022—The Bureau of Labor Statistics released its Consumer Price Index data last week which revealed inflation rose 7.5 percent in the last 12 months, the largest increase since 1982, the Center Square reported. 

The data showed prices rose .6 percent in January. For the year, the all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. The energy index rose 27.0 percent over the last year, and the food index increased 7.0 percent."

"Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase," BLS said, according to Center Square. 

About the Author

FenderBender Staff Reporters

The FenderBender staff reporters have nearly three decades of combined journalism and collision repair experience.

Sponsored Recommendations

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.

The Autel IA700: Advanced Modular ADAS is Here

The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...

Boosting Your Shop's Bottom Line with an Extended Height Paint Booths

Discover how the investment in an extended-height paint booth is a game-changer for most collision shops with this Free Guide.