Inflation Jumps to Highest Level In Nearly 40 Years

Consumer prices accelerated in the year through November at their fastest pace in 39 years, new government data shows, marking the sixth straight month of inflation is running above 5 percent in annual terms and delivering a fresh sign that inflationary woes continue to bedevil the U.S. economy.

The Bureau of Labor Statistics (BLS) reported on Dec. 10 that the…

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