The Consumer Price Index (CPI) rose 6.2% between November 2020 and October 2021 (12 months) as this publication of the Bureau of Labor Statistics shows. This represents an increase compared to the previous report. In October, the CPI increased 0.9%. This also represents a 31 year high. The last time this index was higher was in November 1990.

The main drivers of this rise was price of energy. The energy index increased 30% in the past 12 months and within this index, gasoline increased 49.6% and fuel oil 59.1% .

This is the official inflation rate. However, there are other calculations, specially the ones using the methodology prior to the 1980's, which show higher inflation rates. For a view at these rates take a look here.

Previous posts regarding the inflation rate

• July 15, 2021. Inflation Peaks as CPI Rises 5.4%
• September 12, 2021. 12-Month Percent Change in CPI is 5.4% in July 2021
• September 15, 2021. 12-Month Percent Change in CPI is 5.3% in August 2021
• October 13, 2021. 12-Month Percent Change in CPI is 5.4% in September 2021

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.