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US inflation rate rose 6.8% in 2021, the highest increase since 1982
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theguardian.comThe US inflation rate rose 6.8% over the last year, the highest increase since 1982, the Bureau of Labor Statistics reported Friday morning.
Inflation rose 0.8% in November after rising 0.9% in October. Price increases were seen across many sectors, including gas, food and housing. This is the sixth month in a row the US is seeing price increases.
Ahead of Friday’s data release, Joe Biden released a statement saying that the inflation numbers “does not reflect today’s reality”.
“It does not reflect the expected price decreases in the weeks and months ahead, such as in the auto market,” Biden said in the statement.
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