Why is inflation so high? Is it bad? An economist answers 3 questions about soaring consumer prices
- Written by William Hauk, Associate Professor of Economics, University of South Carolina
Used car and truck prices are up 31% over the previous year.AP Photo/David ZalubowskiConsumer prices jumped 6.8% in November 2021 from a year earlier – the fastest rate of increase since 1982, according to Bureau of Labor Statistics data published on Dec. 10, 2021. The biggest jumps during the month were in energy, used cars and clothing....
