Americans’ cost of living is rising faster than it has for three decades, with food and fuel driving the increases.
The consumer prices index for October showed prices rose 6.2% over the last twelve months.
It marks a sharp jump from September when prices were already rising at 5.4%.
Inflation has been a growing concern for shoppers and policymakers this year as the impact of the pandemic persists.
Rising prices for food, shelter, used cars and trucks and new vehicles were among the larger contributors, the Bureau for Labour Statistics said.
Meat, fish and eggs rose more than other foodstuffs, while petrol, or gasoline, prices are at seven-year highs.
Source:Fiilafmonline/BBC
