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Added on the 19/10/2022 18:52:48 - Copyright : France 24 EN
Consumer prices in the US surged by 8.5% in March, the fastest pace since 1981. The inflation spike was fuelled by a 32% jump in energy costs, linked to Russia's war in Ukraine. Many American consumers are struggling to keep up with the price rises. Also in the show - Emmanuel Macron appears to waver on his pledge to raise France's retirement age to 65, and Sri Lanka enters default as its economic crisis deepens.
Inflation in the US has surged the most in four decades. January's 7.5% reading is the highest annual pace since 1982. It will add more pressure to the US Federal Reserve to rein in the spiralling price rises. Also in the show - French President Emmanuel Macron announces plans to build new nuclear reactors to boost energy production.
Inflation is continuing to soar in advanced economies around the world. In the UK, the consumer price index rose by 4.2 percent in October, the highest in a decade, while the Eurozone's inflation rate hit a 13-year high. Also in the show - the EU proposes new rules to combat deforestation, and thousands of Chinese millenials seek a new life on rural farms.
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