December 10, 2021
The U.S. Bureau of Labor Statistics released the Consumer Price Index Summary for November 2021 today, revealing the highest rate of inflation the nation has seen in nearly 40 years.
The report reads, in part, “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in November on a seasonally adjusted basis after rising 0.9 percent in October…Over the last 12 months, the all items index increased 6.8 percent before seasonal adjustment.”
The report goes on to say that, for the 12-months ending in October is, “the largest 12-month increase since the period ending June 1982.”
You can read the full news release, here: BLS Consumer Price Index Report, November 2021