America’s high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982.
Consumer price inflation rose by 6.8% without seasonal adjustments over the 12 months ended November, the Bureau of Labor Statistics reported Friday.
Online shopping hit by inflation – just in time for Christmas
Stripping out food and energy, the prices of which tend to be more volatile, inflation rose 4.9% over the same period — the highest level since June 1991.
Here’s what got more expensive
Several categories saw significant price increases. Gas prices jumped 58.1% over the year ending in November, the biggest jump since April 1980.
The price indexes tracking food and energy climbed to at least 13-year highs, having risen 6.1% and 33.3% over the 12-month period.
Meanwhile, groceries cost 6.4% more over the same period, the largest increase since December 2008. Food prices in restaurants jumped 5.8%, the biggest rise since January 1982.
The-CNN-Wire
™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
