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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
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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
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GWYNN GUILFORD

 * Biography
 * @sinoceros
 * gwynn.guilford@wsj.com

Updated Nov. 10, 2021 8:52 am ET

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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.

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