U.S. Economy:
US inflation rose at the fastest pace since 1982 (6.8%) in November which was the sixth straight month inflation topped 5%.
As a result, the US consumer price index increased by 9.6%.
Wages Tracked by the Atlanta Fed rose 4.3%, up only .2% from October and falling short of that needed to compensate for inflation.
Here's a brief overview of consumer price increases for November:
Consumer Price Increases for November (2021)
Household energy: +12.2%
New Vehicles: +11.1%
Restaurant/Fast Food: +7.9%
Groceries: +6.4%
Apparel: +5%
Rent: +3.4%
Contributor(s)
Al K. Scott
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