1/4/21-Consumer prices up 5.7% over past year, fastest in 39 years

January 04 2022
By: info@njcfe.org
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Consumer prices up 5.7% over past year, fastest in 39 years

December 23, 2021 | apnews.com

WASHINGTON (AP) 12/23/21 — U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season under way.

The November increase, reported Thursday (12/16) by the Commerce Department, followed a 5.1% rise for the 12 months ending in October, continuing a string of annual price gains that have run well above the 2% inflation target set by the Federal Reserve.

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1/4/21-Consumer prices up 5.7% over past year, fastest in 39 years

Consumer prices up 5.7% over past year, fastest in 39 years

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