Annual inflation in the US has peaked since 1982

Annual inflation in the US has peaked since 1982
Annual inflation in the US has peaked since 1982

The inflation index in the United States continues to rise, rising by 6.8% during the last month on an annual basis, the fastest pace of inflation in the country since June 1982.

According to US data released on Friday, the consumer price inflation index in the United States increased by 0.8% last November on a monthly basis, from 6.2% (October 2021) to 6.8% (November 2021).

Thus, annual inflation in the United States reached its peak in nearly 40 years. At the end of June of 1982, the index was at 7.2%.

The rise in inflation last November (increased by 0.8%) was higher than analysts’ expectations, who indicated that inflation is expected to rise by 0.7% last month.

Source: RIA Novosti

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