Consumer prices have surged in recent weeks faster than at any time in more than 30 years.
Raleigh, N.C. — Consumer prices have surged in recent weeks faster than at any time in more than 30 years. According to the Bureau of Labor Statistics, inflation on consumer goods in the U.S. jumped by 6.2 percent last month. When compared with October 2020, it was the biggest single-month, year-over-year spike since 1990. Steve Thanhauser said his iconic Raleigh restaurant, The Angus Barn, has tried to limit increases to its menu prices, but the razor-thin margins are becoming more difficult to maintain. „Beef prices have gone up 85 percent,“ Thanhauser said, and seafood has doubled in price.
