Inflation Jumps to Highest Level in Nearly 40 Years

Inflation Jumps to Highest Level in Nearly 40 Years
Gasoline prices above $5 per gallon are displayed at a gas station on Nov. 15, 2021. Mario Tama/Getty Images
Tom Ozimek
Updated:

Consumer prices accelerated in the year through November at their fastest pace in 39 years, new government data shows, marking the sixth straight month of inflation running above 5 percent and delivering a fresh sign that inflationary woes continue to bedevil the U.S. economy.

The Bureau of Labor Statistics (BLS) reported on Dec. 10 that the Consumer Price Index (CPI), which reflects inflation from the perspective of end consumers, rose 6.8 percent in the 12 months through November, a level not seen since May 1982, when it hit 6.9 percent.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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