US inflation hits 7%

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The US annual inflation rate rose to 7% in December, a figure not seen since 1982. Jayne Schaber lives in New York state and tells us about her experiences when out shopping, and we get a historical perspective on the latest figures from Professor Peter Morici of the Robert H Smith School of Business at the University of Maryland. Also in the programme, Kenya and the United Arab Emirates are embroiled in a row that has seen air links between the two countries suspended. Victor Amadala of The Star in Nairobi explains the background. The BBC's Clare Williamson reports on a fierce political row that has broken out in the European Union over how to define what is green or sustainable in new guidelines for finance and investment. Plus, a new report from the app monitoring firm App Annie indicates that smartphone users are spending an average of 4 hours and 48 minutes each day on their devices. The BBC's Jane Wakefield discusses the findings. Today's edition is presented by Rob Young, and produced by George Thomas and Tom Kavanagh. (Picture: A supermarket shopper in the US. Picture credit: EPA.)