#AtoZChallenge - I is for Inflation

Here are headlines between March 2022 and December 2022

~US Federal Reserve raises interest rates for the first time since 2018 by a quarter of a point to help ease rising price inflation
~US inflation hits 8.5%, the highest since 1981, driven by a rise in gas prices, rent and food
~US Federal Reserve makes largest interest rate increase since 2000 (+0.5%), attempting to combat the fastest rate of inflation in four decades
~US Federal Reserve raises interest rates by 0.75, the largest increase since 1994 in attempt to control rising inflation
~United Kingdom posts highest inflation rate in the G7 at 9.1%, a 40-year high, lead by a rise in the price of food and fuel
~UK's inflation rate rises to a new 40-year high of 10.1 per cent, with food costs the largest contributor
~US Federal Reserve hikes interest rates for a fourth straight time to range of between 3.75% and 4.00%, its highest since 2008 in an effort to fight ongoing inflation

January 2022 - Large Grade A eggs cost $1.93 per dozen, on average.

January 2023 - Large Grade A eggs cost $4.82 per dozen, a record high.

https://www.forbes.com/advisor/investing/fed-funds-rate-history/

https://tradingeconomics.com/united-states/inflation-cpi

https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Inflation

https://www.bls.gov/data/inflation_calculator.htm

https://www.cnbc.com/2023/03/15/retail-egg-prices-fell-in-february-but-price-drop-may-not-last-long.html

https://www.cnbc.com/2023/03/15/retail-egg-prices-fell-in-february-but-price-drop-may-not-last-long.html

Did you get it right?

Here’s the teaser for letter J. Remember, it’s an event from 2022 or the first 3 months of 2023. Comment on something related to the answer without giving the exact answer. Let’s play!