G7 finance ministers to discuss soaring global inflation

News of the planned talks came shortly after US consumer prices rose at the fastest annual pace in nearly 40 years

US Federal Reserve chairman Jerome Powell is under pressure to tighten monetary policy.

The Group of Seven finance ministers will convene virtually on Monday to discuss the recent surge in inflation, according to sources.

The talks will come against the backdrop of supply-chain snarls that have hampered the world economy, and ministers will also discuss healthcare.