Inflation in the United States in November accelerated compared to the same month last year, the largest increase since 1982, as large consumer demand collided with supply problems caused by the Covid-19 epidemic.
The price increase amounted to 6.8% last month over a year, after recording an increase of 6.2% in October, according to the Consumer Price Index published by the Ministry of Labor on Friday. These numbers match analyst expectations.
This increase in inflation rates could give justification to the Federal Reserve (the US central bank) to reduce bond purchases and raise interest rates faster than expected.
The Federal Reserve, European Central Bank, Bank of England and Bank of Japan meetings are all taking place next week.