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.
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.
This is a developing story. It will be updated.
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