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BLS: Inflation +6.8% for 12 Months Ending November, a 39-Year High

December 10, 2021

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in November on a seasonally adjusted basis after rising 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today.

Over the last 12 months, the all items index increased 6.8 percent before seasonal adjustment — the largest 12-month increase since the period ending June 1982.

The index for all items less food and energy rose 4.9 percent over the last 12 months, while the energy index rose 33.3 percent over the last year, and the food index increased 6.1 percent. These changes are the largest 12-month increases in at least 13 years in the respective series.