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Transcripts for BBCNEWS The Context with Christian Fraser 20240604 20:47:00

It s very interesting, those figures, 3.3 billion vaccinations that have been dispensed so far. we will continue to watch that. i do want to move on to inflation. inflation has reached a a0 year high in the united states, spurred by the soaring cost of energy. the consumer price index rose to 8.5% year on year the fastest pace since the early days of ronald reagan s presidency. high petrol prices accounted for half of the inflation spike in march. wages are also rising but not by as much. the president is in iowa today to push his economic agenda. to try and help ease the burden of inflation, joe biden has already released some of the us emergency petrol reserves. he s also extending e15 gasoline thats a particular fuel that uses a 15% ethanol blend and is typically banned from sale from june to september due to its high rate of pollution.

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