DW News published this video item, entitled “US inflation soars to highest point in 40 years | DW News” – below is their description.
Newly released data from the US shows inflation rose there at the highest rate in almost 40 years – to 6.8 percent last month, compared to one year ago.
For months the Federal reserve has been saying it believes inflationary pressures in the US economy are temporary. But prices for goods, gasoline, used cars, rent and food have continued to climb – fueling concerns that high inflation rates are not going away.
What does the news mean for President Joe Biden and his approval rating?
DW News YouTube Channel
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