US inflation hits its highest rate since 1982

US inflation hits its highest rate since 1982
US inflation hits its highest rate since 1982
The price increase amounted to 6.8 percent last month compared to the same month last year, after an increase of 6.2 percent in October, according to the Consumer Price Index published by the Ministry of Labor on Friday.

As in the previous month, the increase was the highest in the energy sector, reaching 33.3%.

President Joe Biden had previously published data inflation For November, he announced that prices remained high last month.

But he was keen to downplay the dimensions of these numbers, pointing out that they do not take into account the latest economic developments and no longer reflect “the reality today.”

He also pointed out that it “does not reflect the expected decline in prices in the coming weeks and months, such as prices in the car market,” out of a tradition that requires the president to refrain from commenting on an economic report before it is officially published.

Compared to the previous month, the price increase in November registered a slight deceleration, rising by 0.8 percent, compared to 0.9 percent in October, but the increase remains higher than analysts’ expectations (+0.6 percent), which indicates continued inflation, according to the agency. French press.

The report was prepared before the emergence of the mutated Omicron on the Corona virus, which poses a new threat to the American and global economy.

Some economists expect logistical problems to intensify with the emergence of new infection hotspots across the world, which may intensify the inflationary boom.

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