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Soaring costs drive inflation increases above expectations

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Inflation in the U.S. is the highest in four decades and new numbers out Wednesday show no signs of letting up. The Labor Department reported consumer prices jumped 9.1 percent from last year. Gas prices, furniture, clothing, healthcare, groceries and cars also grew more expensive, while the core index rose 0.7 percent. Greg Ip of The Wall Street Journal joins Judy Woodruff to discuss.

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Category
U.S. & Canada
Tags
U.S. economy, consumer goods, consumer prices
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