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Reading: U.S. Inflation Likely Reached 30-Year High in October
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The Wall Street Publication > Blog > Business > U.S. Inflation Likely Reached 30-Year High in October
Business

U.S. Inflation Likely Reached 30-Year High in October

Editorial Board Published November 10, 2021
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U.S. Inflation Likely Reached 30-Year High in October
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U.S. inflation likely hit a three-decade high in October, pushed up by pandemic-related supply shortages and continued strength in consumer demand.

Economists surveyed by The Wall Street Journal estimate the Labor Department will report the consumer-price index—which measures what consumers pay for goods and services—rose 5.9% in October from the same month a year ago. That would mark the fastest pace since 1990 and the fifth straight month in which inflation topped 5%.

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