Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983

A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back to September 1983.
— Read on www.cnbc.com/2022/01/28/key-fed-inflation-gauge-rises-4point9percent-from-a-year-ago-fastest-gain-since-1983.html