Americans watch purchasing power evaporate as inflation rises

by LEANDRA BERNSTEIN | Sinclair Broadcast Group

Wed, November 10th 2021, 8:24 PM UTC

Inflation rose at an annual rate of 6.4% in October, eroding Americans' purchasing power. FILE - In this Photo Illustration, twenty dollar bills sit in a wallet on August 29, 2017 in San Anselmo, California.{ } (Photo Illustration by Justin Sullivan/Getty Images)

PepsiCo products are offered for sale at a grocery store on October 05, 2021 in Chicago, Illinois. PepsiCo today reported earnings and revenue that topped analysts’ expectations for the quarter and raised its full-year forecast. (Photo by Scott Olson/Getty Images)

{ }Pork and beef products are displayed on a shelf at a Safeway store on October 04, 2021 in San Francisco, California. The price for meat at the grocery stores has surged over the past year with beef jumping 12.2%, pork 9.8% and chicken up 7.2% since last year. (Photo by Justin Sullivan/Getty Images)

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Inflation rose at an annual rate of 6.4% in October, eroding Americans' purchasing power. FILE - In this Photo Illustration, twenty dollar bills sit in a wallet on August 29, 2017 in San Anselmo, California. (Photo Illustration by Justin Sullivan/Getty Images)

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