Worker Shortage Contributes to Rising U.S. Consumer Prices

U.S. consumer prices accelerated by .9% in October, with inflation strains threatening the labor market and snarling global supply chains. Americans are paying more for gasoline and food, leading to the biggest annual gain since 1990. While the White House and the Fed maintain that prices will start to fall, there are signs that inflation could stay high until well into 2022 with convoluted supply chains.

Click to read more: https://www.reuters.com/business/us-consumer-prices-surge-weekly-jobless-claims-fall-2021-11-10/