INFLATION HIT 39-YEAR HIGH IN NOVEMBER

Key Points:

  • The Consumer Price Index (CPI) increased 0.8% in November after rising 0.9% in October.
  • CPI increased 6.8% from a year ago, the highest reading in 39 years.
  • Prices remained above 5% for the sixth straight month.
  • The core CPI, which excludes food and energy, rose 0.5% in November and is up 4.9% from the previous year.
  • The energy index is up 33.3% and the food index is up 6.1% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source