US consumers face highest inflation since 1990

Consumer prices in the US rose 6.2% in October compared with the same period last year, as Americans battle soaring food, gas and property costs, and the highest inflation rate since 1990.Reporting the latest Consumer Price Index (CPI) figures on Wednesday, the US Labor Department said soaring inflation has cut into the recent gains made in wages, as the country rebounds from the impact of the Covid-19 pandemic. Read moreMillionaire with many homes calls for you to make sacrifices to save the pl