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US sees biggest annual inflation jump since 2008

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AFP

Washington (AFP) – The United States saw its biggest surge in inflation in more than a decade last month, according to government data released Tuesday, hitting consumers and challenging the White House and Federal Reserve narrative that the price spike will fade in the coming months. As widespread Covid-19 vaccinations allowed the world’s largest economy to relax pandemic restrictions, Americans have resumed spending and traveling but have faced rising prices for used cars, gasoline, hotels and airline fares. That trend could undermine already-tentative support for President Joe Biden’s econo…

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