US inflation hits 30-year high, dealing challenge for Joe Biden

Nov 11, 2021 | INVESTING

US President Joe Biden acknowledged that US shoppers were paying too much for everyday goods, vowing to tackle inflation “head on” after government data showed it had reached a 30-year peak last month.The sharp spike in the consumer price index (CPI) reported by the Labour Department surprised economists and the White House alike, and came as Biden headed to Baltimore to promote the US$1.2 trillion infrastructure overhaul he argues can turn the tide.“Today’s economic reports (show) unemployment…

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