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Consumer Prices Spike Most in 40 Years

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Consumers are facing price increases at a faster rate than at any time since the Eighties. The U.S. Bureau of Labor Statistics (BLS) reported Wednesday that the Consumer Price Index (CPI) was up 7 percent for the 12 months through December, the largest 12-month increase since the period ending June 1982. The core index rose…

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