Novembers CPI Report Is Nothing To Celebrate As Inflation Remained High
The Consumer Price Index (CPI), a key inflation index rose at an annual rate of rose 0.1% to 7.1%, in November on a seasonally adjusted basis after increasing 0.4% in October, the U.S. Bureau of Labor Statistics reported today. MAKE NO MISTAKE: November's CPI report is nothing to celebrate. When Joe Biden took office, CPI was just 1.4% before skyrocketing to 40-year highs…