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Re: uranium-pinto-beans post# 348886

Friday, 12/10/2021 9:22:11 AM

Friday, December 10, 2021 9:22:11 AM

Post# of 364448
The numbers: The cost of living climbed again in November and drove the rate of U.S. inflation to a nearly 40-year of 6.8%, putting more pressure on households as they confront rising prices of gas, food, cars, rent and so forth.
The consumer price index increased 0.8% last month, the government said Friday. Economists polled by The Wall Street Journal had forecast a 0.7% advance.
The pace of inflation over the past year escalated to 6.8% from 6.2% in the prior month. That's more than triple the Federal Reserve's 2% target and is the highest rate since July 1982 .
A string of higher-than-expected inflation readings since the summer is likely to push the Fed to speed up plans to phase out stimulus for the economy by the early spring, several months earlier than it had planned.

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