Inflation in the U.S. climbed to a 39-year high in November. The price didn’t change at the same rate for all goods and services. The primary reason for the inflation burst was due to increase in prices for gasoline, and ither energy resources and the prices for cars. There’s wasn’t a significant increase in price for services like medical care and education. The increase in price for goods and services are related to the pandemic and the broadening of price could be a signal that inflation will remain elevated into 2022, even after COVID related disruptions end. The increase in price is due to cost push and demand-pull inflation.
https://www.wsj.com/articles/inflation-is-near-a-40-year-high-heres-what-it-looks-like-11639737004
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