The increase recorded in consumer prices — soaring 0.9% just for the month of October alone and 6.2% for the past 12 months — is stunning news. It is the fastest pace in over 30 years.
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By: The Editorial Board – wsj.com – November 10, 2021 For something we’re told is “transitory,” inflation sure is persistent. The latest evidence arrived with a jolt Wednesday when the Labor Department reported that consumer prices jumped 0.9% in October, or 6.2% from a year ago and the fifth straight month higher than 5%. That’s also the fastest rate since…
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