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U.S. Inflation Likely Hit a 39-Year High in November
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U.S. inflation likely reached a nearly four-decade high in November, as strong consumer demand collided with pandemic-related supply constraints.
Economists surveyed by The Wall Street Journal estimate the Labor Department will report the consumer-price index—which measures what consumers pay for goods and services—rose 6.7% in November from the same month a year ago. That would mark the fastest pace since 1982 and the sixth straight month in which inflation topped 5%.
Read more on wsj.comAbout this in other media
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