US consumer prices rose 6.8% in November, biggest jump since 1982

The leap in the consumer price index (CPI) was caused by increases in a wide range of items, including a 6.1 percent jump in gasoline prices, while rents, used car and food costs also increased, according to the Labor Department.

AFP

December 10, 2021 / 20:16 IST

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US consumer prices continued to surge in November, climbing 6.8 percent compared to the same month in 2020, the biggest jump since June 1982, the government said Friday.

The leap in the consumer price index (CPI) was caused by increases in a wide range of items, including a 6.1 percent jump in gasoline prices, while rents, used car and food costs also increased, according to the Labor Department.

ALSO READ: Explained | Why US inflation is so high, and when it may ease

However, there were signs of a crest in the wave of inflation that has pushed prices higher as the US economy recovered this year from the Covid-19 downturn.

Compared to October, CPI rose 0.8 percent, seasonally adjusted, slightly slower than the prior month's rate but above analysts' forecasts.

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