December 3, 2023



Inflation Jumps to Highest Level in Nearly 40 Years

The Epoch Times

By Tom Ozimek

December 10, 2021 Updated: December 10, 2021


Consumer prices accelerated in the year through November at their fastest pace in 39 years, new government data shows, marking the sixth straight month of inflation running above 5 percent and delivering a fresh sign that inflationary woes continue to bedevil the U.S. economy.

The Bureau of Labor Statistics (BLS) reported on Dec. 10 that the Consumer Price Index (CPI), which reflects inflation from the perspective of end consumers, rose 6.8 percent in the 12 months through November, a level not seen since May 1982, when it hit 6.9 percent.

Read more…

%d bloggers like this: