Break out the shoulder pads and leg warmers because Americans are in the grips of a 1980s-style inflation flashback.Consumer prices in the United States rocketed 6.8 percent in November from the same period a year ago, the Bureau of Labor Statistics said on Friday. The last time the nation saw an annualised inflation surge like that was back in 1982, when Olivia Newton John’s pop hit Physical topped the billboard charts.On a monthly basis, the Consumer Price Index rose 0.8 percent in November from October.
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