US consumer prices post biggest rise in nearly 40 years; inflation close to peaking
The high cost of living, the result of snarled supply chains because of the COVID-19 pandemic, is a political nightmare for President Joe Biden.
US consumer prices rose solidly in December, with the annual increase in inflation the largest in nearly four decades, Shoppers show up early for the Black Friday sales at the King of Prussia shopping mall in King of Prussia, Pennsylvania, US, November 26, 2021.(photo credit: REUTERS/RACHEL WISNIEWSKI/FILE PHOTO)ByREUTERS
