US President Joe Biden speaks on the nation’s supply chains in Washington on December 1. Photo: Bloomberg
US President Joe Biden speaks on the nation’s supply chains in Washington on December 1. Photo: Bloomberg
Joe Biden

US inflation surges to near-40 year high, testing Joe Biden

  • Consumer prices in November jumped 6.8 per cent, the biggest gain since June 1982 as prices for petrol, used cars, rent, food and other goods continued to climb
  • This poses a political liability for the president, with the Republican opposition using it to argue against his economic policies

Topic |   Joe Biden
US President Joe Biden speaks on the nation’s supply chains in Washington on December 1. Photo: Bloomberg
US President Joe Biden speaks on the nation’s supply chains in Washington on December 1. Photo: Bloomberg
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