
A key inflation measure just hit a nearly four-decade high
CNN
Prices remain high in America, and inflation shows no sign of slowing down anytime soon.
A key measure of US inflation rose 5.7% in the 12 months ended in November, the Bureau of Economic Analysis said Thursday. It was the fastest increase in the consumer spending price index since July 1982.
Stripping out energy and food prices, both of which jumped over the period, the price index advanced 4.7%, the biggest increase since September 1983.

A remarkable scene is playing out in the US House of Representatives on Wednesday: In an effort to avoid votes on releasing files related to Jeffrey Epstein, Republicans are shutting it down early and heading out on a weekslong August recess. Nevermind that the Trump administration promised to release these files, and many Republicans want them to do so.