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U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years

Posted on AllSides November 10th, 2021
From The Center

Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday.

The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate.

On a monthly basis, the CPI increased 0.9% against the 0.6% estimate.

Stripping out volatile food and energy...

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https://www.cnbc.com/2021/11/10/consumer-price-index-october.html

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