"Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening
the financial pressures on America’s households. ...
Rising prices have wiped out the healthy pay increases that many Americans have been receiving, making it harder for
households, especially lower-income families, to afford basic expenses. Polls show that inflation has started displacing even the coronavirus as a public concern, making clear the political threat it poses to ... Democrats." (Source: The
Associated Press, January 12, 2022)