The BLS report for November, indicated a 6.8% increase from year ago and 0.5% from previous month.
A variety of other data releases indicated many different inflation numbers...
Of course, mine is also included at 4.7%...
Going forward, the expectation is for December's numbers to rise another 0.4% for the month, or 6.98% over the past 12 months. Meaning December is likely to be between that 6.98% and 7.16%. This month's number were last seen in June 1982, when it was 7.1%. I should point out the inflation rate was falling at that time, from a high of 14.8% in March of 1980. Good times!!!
There weren't many surprises in this report, and it was near expectations... so December expectations might be on target as well or possibly above, as the misses of late, have been on the underside.
Real Earnings were also released...
The hourly real rate slipped a bit and is now back to March 2020 levels.
Despite the real hourly rate being near March 2020, real weekly earnings are still a few dollars above.
