Inflation Spikes to Highest Rate in 13 Years

The cost of items spiked last month, representing the highest rate of inflation in 13 years.

The Labor Department on Wednesday reported that prices rose about 5 percent from September 2020 to September 2021. The figure represents the highest rate of inflation since at least December 2008, the earliest date analyzed in the report.

Two of the biggest drivers of inflation, the report found, are food and gasoline. – READ MORE