U. S. News
US consumers facing highest annual inflation rate since 1982
Consumer prices in the United States increased 6.8% in November compared to the same month a year ago, as rising costs for food, energy, housing, and other things resulted in the highest annual inflation rate since 1982.
In addition, the Labor Department announced on Friday that prices increased by 0.8 percent from October to November.
Consumers, particularly lower-income households, have been feeling the impact of inflation, especially when it comes to basic necessities.
It has also overshadowed many employees’ higher wages, complicated the Federal Reserve’s efforts to remove economic stimulus, and coincided with decreasing public support for President Joe Biden.
-
Iowa2 weeks ago
A high school student from Oskaloosa was honored for her quick thinking that prevented a tragedy
-
Local News2 weeks ago
A fundraising bowling competition helps a Tiffin child in need of a service dog
-
Local News2 weeks ago
Supreme Court hears oral arguments in first case involving homelessness for the first time in decades
-
Local News2 weeks ago
Senator Joni Ernst reacts to the passage of the foreign aid bill
-
Local News2 weeks ago
Judge will hear the decision in the cold case in Cedar Rapids
-
Local News1 week ago
Center Point will open its brand-new fire station this Saturday
-
Iowa1 week ago
Regents wonder if the adjustments to DEI will adhere to new laws
-
Iowa5 days ago
Parents and educators in Dubuque are concerned about AEA changes
Leave a Reply