Biden Boom? November Inflation Highest in Nearly 40 Years

U.S. inflation rose to the highest its been in nearly 40 years in November, according to the consumer price index report released by the U.S. Department of Labor.

Since November 2020, inflation rose by 6.8 percent, which according to the Labor Department is “the largest 12-month increase since the period ending June 1982.”

Energy prices shot up by 33.3 percent and gas prices, which are known for indicating inflation to the American public, skyrocketed by 58.1 percent. Food prices went up by 6.1 percent in just 12 months.

“These changes are the largest 12-month increases in at least 13 years in the respective series,” the report states.

Even BEFORE today's news on UI claims, @RobShapiro had this take on the "Biden Boom."https://t.co/mkKG6mY0ea

— Ronald Klain (@WHCOS) December 9, 2021

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