How much higher will prices climb?
For months now, blistering inflation has been a hallmark of this year’s global economic rebound from last year’s COVID-19 blow. And in the United States – the world’s largest economy – price pressures continue to accelerate at a pace not seen for three decades.
US consumer prices jumped a blistering 6.2 percent in October from the same period a year ago, the US Department of Labor said on Wednesday. That is the fastest pace since 1990 and blew past many analysts’ already dour inflation estimates.
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