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Inflation rises to 6.8% in November, highest in 39 years

By Zach Halaschak
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Inflation rises to 6.8% in November, highest in 39 years

Consumer prices increased 6.8% for the year ending November, according to a report released on Wednesday by the Bureau of Labor Statistics, the fastest pace of inflation in 39 years.

The much-anticipated numbers from the consumer price index came in above expectations and are likely to add to the damage to economic confidence as well as President Joe Biden’s approval ratings.

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Biden Administration Department of Labor Inflation Prices