* Overall consumer prices rose 6.8% in November from a year ago, the biggest annual gain since 1982
* Consumer price index jumped 0.8% on the month, down slightly from October's gain of 0.9%
* 'Inflation is going to get worse before it gets better,' one analyst warns as supply chain crisis continues
* Soaring inflation has become a political liability for Biden, who is urging journalists to be more favorable
* Administration officials have been holding secret briefings pleading for better coverage on the economy
The US inflation rate has hit its highest level in nearly 40 years, adding woes for consumers and compounding the issue as a political liability for President Joe Biden.
The consumer price index rose 0.8 percent last month after surging 0.9 percent in October, the Labor Department said on Friday.
It pushed annual inflation to 6.8 percent in November, the highest increase since June 1982 and well above October's 6.2 percent annual rate.
Read more ....
Update #1: Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982 (CNBC)
Update #2: US consumer inflation up 6.8% in past year, most since 1982 (AP)
WNU Editor: Some are saying the US economy is booming .... Biden is delivering the fastest economic recovery in history. Why hasn't anyone noticed? (Max Burns, The Hill). I say remove the $120 billion the Fed is pumping into the system each month and adjust GDP growth according to inflation and tell me that everything is OK.