Consumer prices hit highest levels in nearly 40 years
The Bureau of Labor Statistics says prices jumped 6.8% for the 12 months ending in November.
•
Dec 13, 2021, 12:25 PM
•
Updated 1,037 days ago
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4ds agoConsumer
prices are up to the highest levels in nearly 40 years.
The Bureau
of Labor Statistics says prices jumped 6.8% for the 12 months ending in
November. That's the biggest 12 month jump since 1982.
Home
cooking and grocery prices are at record highs, jumping 6.4%
Beef had
the most dramatic increase with a 20.9% spike in prices.
Restaurant
prices spiked 5.8%
The Federal
Reserve is set to meet this week to ensure long-term interest rates stay low.
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