US inflation rose to a new high in the month of October 2021. The inflation level recorded is the highest in last three decades, according to the US Labour Department.
The inflation remained high and further swelled up due to the disruptions that persisted in the supply chain for months.
The consumer price index (CPI) soared 0.9 per cent in October after rising 0.4 per cent in September, as per the updated reports by the Department's Bureau of Labour Statistics.
The CPI increased from 5.4 percent to 6.2 per cent in the past 12-month period ending September, the bureau said.
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It marks the largest 12-month increase since the period ending November 1990.
Excluding the volatile food and energy components, the so-called core CPI rose 0.6 per cent in October after increasing 0.2 per cent in September.
Over the past 12 months through October, the core CPI climbed 4.6 per cent, the largest 12-month increase since the period ending August 1991, according to the report.
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The energy index, in particular, soared by 30.0 per cent over the last 12 months, and the food index increased 5.3 per cent.
