# U.S. consumer prices post largest annual gain in 40 years as inflation becomes widespread

> US consumer prices recorded their largest annual increase in 40 years, with inflation becoming widespread across categories. The result fueled speculation in financial markets about a 50-basis-point Fed hike, and stocks fell while the dollar rose.

- Date: 2022-02-10 · published 2022-02-10T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/42645-u-s-consumer-prices-post-largest-annual-gain-in-40-years-as-inflation-becomes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sharp inflation print raises the odds of faster Fed tightening, which lifts the dollar and can weigh on dollar-denominated commodity prices. Higher input costs for energy and transport also feed through to feed production costs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-28 | [China's yuan weakens as U.S. dollar gains on sustained inflation outlook \| Financial Post](https://feedsoft.ai/events/38448-china-s-yuan-weakens-as-u-s-dollar-gains-on-sustained-inflation-outlook.md) | -0.2% | -2.2% |
| DXY | 2021-05-27 | [Dollar firms as traders brace for U.S. inflation gauge \| Financial Post](https://feedsoft.ai/events/47285-dollar-firms-as-traders-brace-for-u-s-inflation-gauge-financial-post.md) | +0.3% | +1.3% |
| DXY | 2025-02-12 | [Dollar gains on yen as consumer prices rise more than expected](https://feedsoft.ai/events/26225-dollar-gains-on-yen-as-consumer-prices-rise-more-than-expected.md) | -0.5% | -2.0% |
| DXY | 2022-06-30 | [U.S. consumer spending, underlying inflation slow in May](https://feedsoft.ai/events/40855-u-s-consumer-spending-underlying-inflation-slow-in-may.md) | +1.5% | +1.0% |
| DXY | 2021-03-04 | [U.S. Dollar Soars As Powell Expresses Little Concern About Inflation, Rates \| Investing.com](https://feedsoft.ai/events/10064-u-s-dollar-soars-as-powell-expresses-little-concern-about-inflation-rates.md) | +0.7% | +0.9% |

## Sources

- reuters.com: https://www.reuters.com/business/us-consumer-prices-rise-strongly-january-weekly-jobless-claims-fall-2022-02-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.