let s move to the us now where the cost of living continues to soar. consumer prices rose in december at their fastest rate in four decades, pushing the annual inflation rate to 7%. the latest figures pile pressure on the us central bank the federal reserve to start raising interest rates soon as michelle fleury reports from new york. a7% a 7% increase in prices is breathtaking. you have to understand that americans have not experienced anything like that sincejune 1982 not experienced anything like that since june 1982 was not beef prices are up 18%, exit 11% and it is notjust food. everything people by from housing to furniture is more expensive. even when you exclude the cost of food and petrol which tends to fluctuate a lot we are still talking about a 5.5% increase year over year. that is the fastest pace of core inflation since 1991. and the omicron variant is putting even more stress on the