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This month’s significant number: 7% - DFSIN - SFL

This month’s significant number: 7%

That is the annual inflation rate in the United States for 2021, the highest in 40 years.

January 25, 2022

At this writing, the annual inflation data has just been published in the United States. By hitting the 7% mark in December 2021, the increase in consumer prices reached a level that hasn’t been seen since 1982, during an era of high inflation.

Higher prices for food, rent and consumer goods such as cars are the main drivers of this phenomenon.

In Canada, figures for December 2021 showed an inflation rate of 4.8%, an 30-year high. With statistics like these, we can expect the growth of inflation to remain a key data point that financial analysts will be monitoring in 2022.