The Price Is Fright: Prices Spike 6.8 Percent, Most in 39 Years

The annual US inflation rate hit 6.8 percent last month, the feds said Friday — marking a 39-year high and leaving Americans helpless to do anything but watch as prices surge unabated at a clip not seen since Ronald Reagan was in office.

The Bureau of Labor Statistics said the Consumer Price Index of food, energy, goods and services rose by 0.8 percent in November, pushing yearly inflation above the 6.2 percent recorded a month earlier.

The new level is the highest since 1982 and it also marked the sixth consecutive month in which annual inflation rates have exceeded 5 percent under President Biden’s leadership.

In a statement, the BLS said it saw “broad increases” across “most” of the CPI, which tracks the costs of everything from groceries to gasoline and haircuts to household rent.

The latest numbers showed energy prices up 33.3 percent over the past 12 months, with gas spiking a whopping 58.1 percent. (Read more from “The Price Is Fright: Prices Spike 6.8 Percent, Most in 39 Years” HERE)

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