Past 12 months saw 7 percent consumer price increase, largest since 1982

Gas pump
(Image credit: wingedwolf/iStock)

Consumer prices in the U.S. have risen 7 percent over the last 12 months, the biggest increase in 39 years, The Associated Press reports.

A Bureau of Labor Statistics report released Wednesday showed massive increases in the cost of gasoline (up 49.6 percent since Dec. 2020) and used cars and trucks (up 37.3 percent).

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