U.S. Inflation Hit A New 40-Year High Last Month Of 8.6%

The video discusses the persistent rise in inflation, with a focus on the latest data showing a 1% increase from the previous month, leading to an 8.6% annual rate. Expert Mike Bailey provides insights into the factors driving inflation, including energy and food prices, and the impact of global events like the Russia-Ukraine conflict and China's economic activities. The discussion highlights the significant rise in food prices, attributed to supply chain issues and energy costs. The video concludes with a summary of the key points and appreciation for the expert's analysis.

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