Inflation Soars to Fastest Pace in Four Decades

P.M. Edition for Jan. 12. The Labor Department said the consumer-price index rose 7% in December, bringing inflation to its fastest pace since 1982. But what are the factors driving it? And is the Biden administration taking the right approach to bringing it under control? WSJ chief economics commentator Greg Ip joins host Annmarie Fertoli to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices