US price rises hit highest level for 40 years

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Prices for American consumers are rising at their fastest annual rate since June 1982.

The consumer price index (CPI) rose 6.8% in the year to November according to the latest figures from the Bureau of Labor Statistics.

Petrol prices jumped 6.1%, while the cost of second-hand cars, rent and food also rose.

However the monthly pace of price rises at 0.8% in November was slightly lower than October's 0.9%.

Rising inflation is putting pressure on President Biden's political agenda as he tries to pass his $1.9tn (£1.4tn) social spending bill.

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