Another key measure of inflation jumped nearly 6% in November as prices continue to rise at the highest pace in nearly 40 years
Personal consumption expenditure data for November shows prices for everyday goods continued to rise at a brisk pace, with the key measure of inflation ticking up 0.6% in the month and 5.7% compared to the same period in 2020.
. That means today's PCE jump was somewhat expected, but it confirms just how dramatically inflation went up in November, pretty much across the board.had argued for much of 2021 that inflation would be"transitory," although that term was undefined for much of the year and retired this fall by Fed Chair Jerome Powell and Treasury Secretary Janet Yellen.
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