Economic Report: Peak inflation? The worst may be over, but Americans likely to keep paying a high price

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The 8.5% surge in the cost of living in the past year could represent the peak of the worst U.S. inflation in 40 years — but Americans can’t expect much relief from rising prices this year or even next.

The rate of inflation has jumped more than six-fold in past 14 months from as low as 1.4% at the beginning of 2021. The cost of fuel, food, housing, cars and all sorts of stuff have soared.

Gas…

This article was originally published by Marketwatch.com. Read the original article here.

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