CNN CNN Newsroom With Fredricka Whitfield January 1, 2022 19:52:00
Up 6.8% in november. translation, a cart of goods purchased a year ago for 100 bucks would cost almost $107 in november. energy prices are a big driver of the inflation, but prices for just about everything else are rising too. wages are rising. jobs are plentiful, but the grind of higher prices at the gas station and the grocery store is eroding americans' confidence in the economy. the economy is robust and the job market strong, and the fed enters the new year with a new focus, fighting inflation, to keep this economy from overheating, the fed plans to sped up the so-called taper. and highe...