Key inflation gauge hit 6.1% in January, highest since 1982

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There's more data showing how hard inflation is hitting American consumers I'm Ben Thomas with the latest numbers the commerce department's personal consumption expenditures index or PCE jumped six point one percent in January compared with January of a year ago the largest year over year rice since nineteen eighty two excluding volatile food and energy prices core inflation increased five point two percent robust consumer spending along with widespread Produkten worker shortages have combined to spur inflation the PC is closely monitored by the federal reserve which is set at two percent target still consumers appear to shrug off the higher prices last month boosting spending two point one percent from December to January Ben Thomas Washington

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