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MoreBack to News Headlines
A key inflation measure just hit a nearly four-decade high

A key inflation measure just hit a nearly four-decade high

CNN
Thursday, December 23, 2021 3:10 PM GMT

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.

Read full story on CNN
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