Inflation is expected to have remained high in May as gas, rental and other prices soar.

The government is expected to report on Friday that consumer prices rose 8.2% in the year through May as inflation approaches the fastest rate in four decades.

Americans are facing more expensive food, fuel and housing, and some are looking for answers as to what is causing the price hike, how long it might last, and what can be done to fix it.

There are few easy answers or painless solutions when it comes to inflation, which has risen around the world as supply shortages collide with strong consumer demand. It’s hard to predict how long today’s price hike will drag on, and the main tool to combat it is interest rate hikes, which cool inflation by slowing the economy – potentially abruptly.

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