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U.S. faces record-high inflation, with costs hovering greater than 6% in previous 12 months


U.S. faces record-high inflation, with costs hovering greater than 6% in previous 12 months – CBS Information


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The Labor Department said inflation has hit a 31-year high, with prices rising at more than double the rate seen in recent decades. This comes as supply shortages continue across the country. Nancy Cordes reports from the White House.

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