U.S. inflation reaches 40-year excessive

U.S. inflation reaches 40-year excessive – CBS Information

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The U.S. Labor Department’s latest Consumer Price Index shows prices have jumped 8.5% over the past year, the biggest spike since December 1981. Michael Pond, head of inflation research at Barclays, spoke with CBS News’ Anne-Marie Green and Vladimir Duthiers about what that means for your bottom line.

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