Americans are feeling the impact of rising prices, and the companies leveraging price increases appear to be at odds over how long the inflationary pressures will last.
The Bureau of Labor Statistics reported on Nov. 10 that prices in October soared 6.2% year-over-year, the fastest annual rise in the Consumer Price Index since 1990.
Some of those inflationary pressures are coming from higher prices of oil, but the breadth of price increases across different types of expenditure categories…
Source link
