Inflation at 40-year high pressures consumers, Fed and Biden

1 of 10 FILE – Housing activists march across town toward New York Gov. Kathy Hochul’s office, calling for an extension of pandemic-era eviction protections, Tuesday, Aug. 31, 2021, in New York. Prices paid by U.S. consumers jumped in December 2021 compared to a year earlier, the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America’s households. (AP Photo/Mary Altaffer, File) WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating […]

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