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Business Matters: Food and used car prices push US inflation to 5.4%

Food and used car prices push US inflation to 5.4%

14/07/2021 GMT

BBC World Service - Business Matters, Food and used car prices push US inflation to 5.4%

The rate of inflation is at its highest in the US since 2008

The annual rate of inflation is at its highest in the US since 2008, as the economy reopens after coronavirus lockdowns. We get analysis from Jason Furman, professor of the practice of economic policy at Harvard University and former adviser to the Obama Administration.
We have an exclusive interview with former Nissan and Renault boss Carlos Ghosn. Now living in Lebanon, he describes how he fled Japan in November 2018 after being arrested over allegations he misused company funds.
Also in the programme, the Italian government has permanently banned cruise ships from the Giudecca canal in central Venice, citing environmental damage and threats to the city's foundations. Jan van der Borg is a tourism specialist who teaches at Venice’s Ca’ Foscari University and gives us his views.

Jamie Robertson is joined throughout the programme by Michelle Jamrisko, Bloomberg’s senior Asia economy reporter in Singapore, and by Patrick Barta, Asia Enterprise Editor, overseeing major features projects and investigations for the Wall Street Journal in Asia, who's in Dallas. 

(Picture: An iPad in a Costco store. Credit: Getty Images)

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