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12/10/21

U.S. inflation rate spikes to 6.8% — highest level in almost 40 years

The U.S. Bureau of Labour Statistics said Friday that higher costs for gasoline, shelter, food and new and used vehicles were the biggest factors in pushing the rate to its highest point since June of 1982.

Canadian data for November is not yet available, but it, too, is expected to rise from the 18-year high of 4.7 per cent it hit last month.

Read more at: https://www.cbc.ca/news/business/us-inflation-1.6280794

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