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U.S. Consumer Prices Climb at Fastest Annual Rate Since 1982

  • November CPI increased 6.8% from year ago, 0.8% from October
  • Advance was broad, included gains in shelter, food and fuel
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U.S. CPI Rises at Fastest Annual Rate Since 1982
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U.S. consumer prices rose last month at the fastest annual pace in nearly 40 years, underscoring how rapid and persistent inflation is eroding paychecks and increasing pressure on the Federal Reserve to tighten monetary policy.