Annual consumer-price inflation stayed at a 40-year high, according to the Labor Department, and the prices of new cars and trucks saw the fastest increase on record.
Consumer and Financial Protection Bureau Director Rohit Chopra said that he and his staff “pore over” inflation data to understand how rising prices will impact the consumer financial industry, the regulator oversees during an interview with the Washington Post Thursday.
“Looking at auto lending, making sure that people can shop around, refinance and navigate a competitive market is very key when thinking about the total cost of ownership over a car,” he added.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Record credit card debt will hit Americans mid-2022: ExpertCreditcards.com industry analyst Ted Rossman discusses the rise in credit card debt.
Read more »
Stock Futures Rise Slightly Ahead of Key Inflation DataU.S. stock futures rose slightly on Wednesday night ahead of key inflation data due Thursday morning.
Read more »
Mortgage rates jump again, rising to a level not seen since early 2020Mortgage rates increased again, rising to a level not seen since before the pandemic.
Read more »
U.S. inflation records biggest increase in 40 years as prices skyrocketThe figures released on Thursday show the biggest year-on-year increase in consumer prices since 1982.
Read more »
Annual American inflation hit 7.5%: A near 40-year highJUST IN: US inflation climbed 7.5% in January, the highest annual increase in nearly 40 years.
Read more »
Inflation rose 7.5% in the past year, a 40-year highThe U.S. Labor Department said that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982
Read more »