Southern California inflation: 'A lost struggle'

As U.S. inflation hits a four-decade high increasing housing and food prices in Southern California are distorting everyday life. Low-wage people are having their paychecks drained at the petrol pump.

Beverly Matsumoto has visited many food stores to take advantage of discounts and specials.

Matsumoto began shopping at Aldi and Grocery Outlet when costs rose, but she can't avoid them.

The Labor Department's inflation statistic for May — 8.6% compared with the same month last year — surprised analysts and investors.

The Biden administration is under pressure to reassure Americans about inflation. Recent data showed growing prices across the board, driven by energy and grocery expenditures.

In a major metro region like Los Angeles with a low-wage sector, inflation — notably gas costs — disproportionately affects the working class, says UCLA Anderson Forecast senior economist Leo Feler.

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