US inflation rises to 6.8 % in November

It is the highest rate of inflation achieved in the country for almost 40 years, according to sources from the Office of Statistics

The year-on-year increase in the consumer price index (CPI) in the United States stood at 6.8 % in November, which represents an inflation marked by the acceleration of six tenths compared to October and the highest rate registered in the country since June 1982. This was reported this Friday by the Bureau of Labor Statistics of the US Department of Labor.

The figure registered in October, of a year-on-year rise of 6.2 %, had already been the highest figure since 1990 (31 years), so the price increase maintains its upward spiral with highs of several decades.

Highest inflation in almost 40 years

Food prices registered an increase of 6.1 % in the eleventh month of the year, eight tenths more than the increase registered in October. On the other hand, energy inflation shot up 33.3 %, representing a rise of 3.3 percentage points compared to the 30 % year-on-year increase observed the previous month.

Thus, without taking energy and food prices into account, given their higher volatility, core inflation in the United States reached 4.9 % in the year-on-year rate in November. This represents an acceleration of three tenths compared to the October figure.

In monthly terms, inflation experienced a growth of 0.8 % in November, compared to the 0.9 % observed during the previous month. The underlying data rose 0,5 %, one tenth less than in October.

The Office has explained that the data collection for November has been affected by the temporary closure or limited operations of various types of establishments. This limitation, together with the suspension of visits in person that has been in force since March 2020, has caused the number of prices considered “not available” to be temporarily increased.

Source: dpa

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