It's beginning to look like another Carter administration...

Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday.

The producer price index for final demand increased 9.6% over the previous 12 months after rising another 0.8% in November. Economists had been looking for an annual gain of 9.2%, according to FactSet.

Not good. Not good at all.

Get ready to go off the rails, everyone!

The Labor Department's record keeping for the headline number goes back to November 2010, while the core calculation dates to August 2014.

Those numbers come with headline consumer prices running at their fastest pace in nearly 40 years and core inflation the hottest in about 30 years.

You're probably wondering when this inflation is going to stop.

Inflation:

Elsewhere, iron and steel scrap prices surged 10.7%, and a host of others costs including gasoline, fruits and vegetables and industrial chemicals also increased.

Hey, at least diesel prices are down 2.9%. Better stock up on fuel for your post-apocalypse war rigs!