U.S. President Joe Biden wanted the presidential election to be about "Bidenomics." Instead, it risks being about "Bidenflation."

He faces one of the biggest threats to his hopes of beating Donald Trump from rising prices that are hitting Americans in the wallet.

The cost of living is rising more quickly again, just when the 81-year-old Democrat thought he had put the issue behind him to get a clear run at November's vote.