Connect with us

Hi, what are you looking for?

Business

U.S. Inflation Hit 30-Year High in October as Consumer Prices Jump 6.2%

U.S. Inflation Hit 30-Year High in October as Consumer Prices Jump 6.2%

U.S. inflation hit a three-decade high in October, delivering widespread and sizable price increases to households for everything from groceries to cars due to persistent supply shortages and strong consumer demand.

The Labor Department said the consumer-price index—which measures what consumers pay for goods and services—increased in October by 6.2% from a year ago. That was the fastest 12-month pace since 1990 and the fifth straight month of inflation above 5%.

You May Also Like

Health

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

World

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

World

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...

Sports

Greater than 100 Broncos previous and current had been among the many 500 who attended the ceremony Monday in Atlanta that honored Thomas, who...