Washington | Inflation in the US has jumped to a new 41-year-high, driven by broad-based price increases in energy, food and rent.
The latest surge will place further cost-of-living pressure on the Biden administration, and ensures another large interest rate rise by the Federal Reserve later this month.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
