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HIGHEST U.S. INFLATION SINCE 1990, CPI +6.2%
HIGHEST U.S. INFLATION SINCE 1990, CPI +6.2%
11-11-21
Via: Bloomberg:
Prices paid by U.S. consumers accelerated in October from a year earlier by the most since 1990, exceeding forecasts and adding to evidence of building inflationary pressures as companies find more success in passing on higher costs.
The consumer price index increased 6.2% from October 2020, according to Labor Department data released Wednesday. The CPI rose 0.9% from September, the largest advance in four months.
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