Last month, U.S. inflation roared to a new four-decade high, likely strengthening the Federal Reserve's resolve to aggressively raise interest rates and risk up-ending the economic expansion.

The consumer price index (CPI) rose 9.1 percent from a year earlier in a broad-based advance—the largest gain since the end of 1981, Labor Department data showed Wednesday. The widely followed inflation gauge increased 1.3 percent from a month earlier, the most since 2005, reflecting higher gasoline, shelter, and food costs.

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