Consumer prices hit highest levels in nearly 40 years

Consumer prices hit highest levels in nearly 40 years

Consumer prices are up to the highest levels in nearly 40 years.
The Bureau of Labor Statistics says prices jumped 6.8% for the 12 months ending in November. That's the biggest 12 month jump since 1982.
Home cooking and grocery prices are at record highs, jumping 6.4%
Beef had the most dramatic increase with a 20.9% spike in prices.
Restaurant prices spiked 5.8%
The Federal Reserve is set to meet this week to ensure long-term interest rates stay low.