Inflation rises to 6.8% in November, highest in 39 years

Posted on AllSides December 10th, 2021
From The Right

Consumer prices increased 6.8% for the year ending November, according to a report released on Wednesday by the Bureau of Labor Statistics, the fastest pace of inflation in 39 years.

The much-anticipated numbers from the consumer price index came in above expectations and are likely to add to the damage to economic confidence as well as President Joe Biden's approval ratings.

The high inflation numbers reported Friday were largely driven by soaring energy prices, which were up more than 30% year-over-year, although all areas of the economy are seeing higher...

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