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Submission: On November 10 via api from US — Scanned from DE
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Magazine SECTIONS * Fashion * Art & Design * Travel * Food * Culture * Sports COLUMNS * Jason Gay SECTIONS * MLB * NBA * NFL * Golf * Tennis * Soccer Search Search CORONAVIRUS RESOURCES Canada Border Q&AInternational TravelVaccine Mandate Q&AVaccinating ChildrenLong CovidBooster Shot Q&ACovid Tracker Share * Facebook * Twitter * LinkedIn * Copy Link * Economy * U.S. Economy U.S. INFLATION REACHED 30-YEAR HIGH IN OCTOBER CONSUMER-PRICE INDEX ROSE AT 6.2% ANNUAL RATE, WHILE CORE INDEX WAS UP 4.6% What the Inflation of the 1970s Can Teach Us Today Skip Ad in 15 You may also like CloseCreated with sketchtool. Up Next CloseCreated with sketchtool. Your browser does not support HTML5 video. PlayCreated with sketchtool. Sound OnCreated with sketchtool. 0:00 / 7:55 Closed Captions InactiveCreated with sketchtool.ShareCreated with sketchtool. 0:00 What the Inflation of the 1970s Can Teach Us Today The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. WSJ’s Jon Hilsenrath looks at what consumers can expect next. By Gwynn Guilford Close GWYNN GUILFORD * Biography * @sinoceros * gwynn.guilford@wsj.com Updated Nov. 10, 2021 8:52 am ET Print Text Your browser does not support the audio tag. Listen to article Length 2 minutes AD Loading advertisement... 00:00 / 01:33 1x This article is in your queue. Open Queue U.S. inflation hit a three-decade high in October—rising at a 6.2% annual rate—as pandemic-related supply shortages and continued strength in consumer demand continued to push up prices. The Labor Department said the consumer-price index, which measures what consumers pay for goods and services, increased at the fastest annual pace since 1990. Inflation also topped 5% for the fifth straight month. To Read the Full Story Subscribe Sign In CONTINUE READING YOUR ARTICLE WITH A WSJ MEMBERSHIP SPECIAL OFFER LESS THAN $1/WEEK View Membership Options RESUME SUBSCRIPTION We are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service. Please click confirm to resume now. 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