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 underway.
The November increase, reported Thursday by the Commerce Department, followed a 5.1% rise for the 12 months ending in October, and kept up a trend of annual price gains running well above the 2% inflation target set by the Federal Reserve.
Thursday’s report showed that consumer spending, which accounts for 70% of economic activity, rose 0.6% in November, a solid gain but below the 1.4% surge in October.
Thanks, sleep Joe………..you bastard.
AND BIDEN > Just said he SAVED CHRISTMAS !!!!!
Biden says he built back America Better !!! NOT SET BACK better YES !!!!!
Worst Administration of Govt EVER way past 39 years !!!!
Trump had EVERYTHING Fixed & doing FINE !!!! Now you see What Democrats do for You !!!!