US consumer prices in 2021 rose at the fastest pace in four decades, the government announced.
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However, month-on-month CPI growth slowed to 0.5 percent from November, indicating the price surge may be nearing a peak. Prices for shelter, including rental properties, were one of the main contributors to the increase, the Labor Department said, rising 4.1 percent in the year, while food rose 6.3 percent.
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