Inflation hit a new, 40-year high in June, with consumer prices up 9.1% from a year ago. Gas prices were a big part of this, but the cost of essentials like food and shelter are also rising rapidly.
It is a real problem for Americans trying to make ends meet — and one that lawmakers, including Joe Biden, have few tools to address. That is likely to leave Democrats in a lurch come November's midterm elections.
This episode: White House correspondent Tamara Keith, White House correspondent Scott Detrow, and chief economics correspondent Scott Horsley.
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