US consumer prices rise at fastest rate since 1982


Price rises in the US accelerated by more than expected last month, pushing annual inflation up to 7.5% – the highest rate since 1982.

Food and energy costs helped to drive the increases, which left few spending categories untouched.

The rising prices are squeezing household finances as wages fail to keep pace.

Washington is under pressure to address the issue, with the US central bank expected to raise interest rates.