Consumer prices accelerated in the year through November at their fastest pace in 39 years, new government data shows, marking the sixth straight month of inflation is running above 5 percent in annual terms and delivering a fresh sign that inflationary woes continue to bedevil the U.S. economy. The Bureau of Labor Statistics (BLS) reported on Dec. 10 that the Consumer Price Index (CPI), which reflects inflation from the perspective of end consumers, rose 6.8 percent in the 12 months through November, a level not seen since May 1982, when it hit 6.9 percent. The annual rise in the CPI gauge was in line with consensus forecasts, but the 0.8 percent monthly pace of inflation reported by BLS was somewhat of an upside surprise, with economists expecting a more moderate rise of 0.7 percent. Still, that represents a slight month-over-month slowdown after CPI inflation surged in October by 0.9 percent, more than …
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