According to the Commerce Department, Friday’s key inflation indicator showed prices rising at an unprecedented pace in almost 39 years.

The Federal Reserve’s core price index for personal consumption, which is the primary indicator of inflation, increased 5.2% from one year ago. This was slightly less than the Dow Jones estimate at 5.1%. The level was at its highest since April 1983.

The headline PCE, which includes food and energy, was 6.1% higher than February 1982, marking the largest gain since 1982.

According to the estimates, core PCE rose 0.5% monthly, but headline gains were up 0.6%.

According to the same report, consumer spending increased faster than anticipated. It rose 2.1% in December compared with the 1.6% forecast. Decline of 0.8% was reversed by the spending rise. This was better than what was expected for a 0.3% drop in personal income.

Separate news brought better than expected information: The January order for durable goods increased 1.6%, in contrast to 0.8% for the forecast.

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