Inflation stayed broad and elevated in January, according to a U.S. government report on Thursday.
The U.S. Bureau of Labor Statistics (BLS) reported that annual inflation rose to 7.5% in January, up from 7% in the previous month. That was the highest inflation number since 1982 and ahead of market forecasts. Core inflation, which excludes food and energy, came in at 6%, up from 5.5% in the previous month, meaning that inflation is expanding beyond food and fuel.
The hot inflation numbers came a few days after the U.S. government reported that the…
