A man looks at beef in the meat department at Lambert's Rainbow Market, on June 15, 2021 in Westwood, Mass. The Labor Department said Thursday, Feb. 10, 2022, that consumer prices jumped 7.5% last month compared with a year earlier, the steepest year-over-year increase since February 1982. The acceleration of prices ranged across the economy, from food and furniture to apartment rents, airline fares and electricity. (AP Photo/Charles Krupa)
WASHINGTON (AP) — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises, and reinforcing…