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US inflation up 7.5% in past year, a 40-year high (Video)

Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and reinforcing the Federal Reserve's decision to begin raising borrowing rates across the economy. (Feb. 10)

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US inflation up 7.5% in past year, a 40-year high (Video)

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