Inflation Reaches Highest Level Since 1982

Posted By Gracen Tilton @ Jan 17th 2022 10:58am In: Charleston SC Real Estate

Led by higher prices for homes and vehicles, consumer prices soared by 7.0% in December from a year ago. It was the largest year-over-year gain since June 1982.

Supply-chain constraints and strong consumer demand, related to the pandemic, and the re-opening of the economy have contributed to recent price increases in some sectors. Government stimulus efforts have also contributed to recent gains in inflation.

Gracen Tilton | Marshall Walker Real Estate | 582 Rutledge Avenue | | 803-549-6318 

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