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Effective URL: https://www.wsj.com/articles/us-inflation-consumer-price-index-october-2021-11636491959
Submission: On November 12 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 Should You Get a Booster?Canada Border Q&AInternational TravelVaccine Mandate Q&AVaccinating ChildrenLong CovidCovid Tracker Share * Facebook * Twitter * LinkedIn * Copy Link * Economy * U.S. Economy U.S. INFLATION HIT 31-YEAR HIGH IN OCTOBER AS CONSUMER PRICES JUMP 6.2% CORE INDEX WAS UP 4.6% AS PANDEMIC-RELATED SUPPLY SHORTAGES, STRONG CONSUMER DEMAND CONTINUE 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 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 6:57 pm ET Print Text 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%. 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