Fastest Rising Inflation Rate Ever, from 0.4% in November to 7% in December

Economists surveying the Dow Jones are satisfied the rise in inflation rate didn’t exceed predictions, and expectations of how fast the CPI would increase. Based on the CPI gauge, the percentage increased by 7% last December 2021. It has been the fastest increase since June 1982, as the November gauge reflected only 0.4% increase in inflation rate. What Exactly is CPI?   CPI stands for consumer price index, which is an inflation gauge as it considers the costs of so many items in its calculations. According to the Bureau of Labor Statistics, the percentage had increased by 0.5% every month …

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