Soaring petrol prices send US inflation to 40-year high
Consumer prices reached a fresh 40-year high in March after the US stopped Russia energy imports. …
“The Russia-Ukraine war has added further fuel to the blazing rate of inflation via higher energy, food, and commodity prices that are turbo charged by a worsening in supply chain problems,” said Kathy Bostjancic, chief US economist at Oxford Economics.
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