The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory.
Inflation On the Rise in American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years
More Stories
Biden Accelerates Semi Conductor Chip Manufacturing Funding Initiatives Before End of Term
Biden Seeks $100 Billion Emergency Disaster Relief from Congress
Nvdia and Meta Request Supreme Court Exemptions From Lawsuits