Inflation of durable goods hit an all-time record high increase of 14.9% over the past 12 months. The increase for the month of November was 1.6%.
Durable goods are those expected to last more than 3 years. Non-durable goods were up 10.7% in the same time period.
Furniture rose 11.8% in the last year, and used cars and trucks jumped 31.4%. Most other categories had single digit increases.
Some of the inflation has been caused by supply chain problems because so many manufacturers are reliant on parts from China.
COVID-19 also pushed up prices of durable goods as people tried to by stuff instead of using services that would have required contact with others.
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