Breitbart BY JOHN CARNEY
The prices of big-ticket consumer goods rose over the past twelve months at a pace not seen in nearly fifty years, data from the Commerce Department showed Friday.
The personal consumption expenditures price index for durable goods, products intended to last three years or more, increased one percent from a month earlier in January, the Department of Commerce said. That matched the December increase and, absent last yearâs extreme price increases, would have been the largest gain since 1980.
Compared with the prior January, prices of durable goods were up 11.6 percent, the largest annual increase since 1975.
