From December 2020 to December 2021, overall prices for consumers went up 7 percent, as reflected in the last month’s Consumer Price Index report. The last time the index rose by that much occurred in 1982. The surge marks another milestone for inflation, a growing concern for policymakers and consumers as companies face supply chain…

From December 2020 to December 2021, overall prices for consumers went up 7 percent, as reflected in the last month’s Consumer Price Index report. The last time the index rose by that much occurred in 1982. The surge marks another milestone for inflation, a growing concern for policymakers and consumers as companies face supply chain…