You hear this crazy news last week?
Consumer prices rose by 6.8 percent in November over the previous year, the highest annual inflation rate since June 1982, according to the latest Consumer Price Index data from the Bureau of Labor Statistics, released Friday.
The figure exceeds the 6.2 percent year-over-year figure from October.
The greatest increases were seen in gasoline, up 6.1 percent; shelter, up 0.5 percent; food, up 0.7 percent; used cars and trucks, up 2.5 percent; and new vehicles, up 1.1 percent.
5.0+ every month May-September.
Then 6.2 in October.
Now 6.8 in November.
Here's some historical context:
Where are we headed in December?
Will it settle down?
Or will we top 7%?
Families are hurting. More and more by the day.
So depressing and disheartening for our nation.
Grace & Peace & Love to you all -
Matt