Update: Food and used car prices push US inflation to 5.4% - a podcast by BBC World Service

The annual rate of inflation is at its highest in the US since 2008, as the economy reopens after coronavirus lockdowns. We get analysis from Jason Furman, professor of the practice of economic policy at Harvard University and former adviser to the Obama Administration.
And Joe Saluzzi of Themis Trading in New Jersey tells us how the markets reacted to the inflation data.

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