US Inflation Hits Level Unseen in Nearly Four Decades
Americans are facing the highest jump in consumer prices in 39 years as November inflation statistics show that costs continue to soar, with noticeable increases in the prices of many goods and services, Fox News reported.
The surge in costs of everyday life has become a part of the economic recovery, according to experts. With the consumer price index rising 6.8 percent in November, according to Labor Department statistics released on Friday, inflation is now increasing at a level not seen since June 1982, when it was at 7.1 percent.
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