Good morning from the Financial Times. Today is Thursday, November 11th.

And this is your FT News Briefing.

US inflation rose at its fastest pace in more than 30 years.

And an electric vehicle maker not named Tesla, caught investor's eyes yesterday.

Plus, Colombia's president wants cocaine users to know that their drug habit is actually

bad for the environment. So he wants people to think twice before they snore, if you like.

Our Latin America editor, Michael Stott, has the details.

I'm Mark Filipino, and here's the news you need to start your day.

The latest US inflation report came out yesterday, and boy, it was a doozy.

Consumer prices in October rose more than 6% compared to the same time last year.

That's the fastest pace since 1990. It's not good news for consumers,

and it's not good news for President Joe Biden either.

Here's the FT's Colby Smith.

This is certainly not something the Biden administration wants to be seeing.

The pace of price gains is pretty significant.

In a lot of ways, the Biden administration is going to be on the defensive here

to have to explain why it is Americans are seeing prices rise at this rapid clip.

And what exactly they're thinking about doing in order to contain some of these price pressures.

So Colby, could this throw wrench in the administration's efforts to pass its next big spending

package, the $1.75 trillion social spending and climate one that Biden's hoping to pass by the end

of the month? I definitely think that it's going to make the debate a lot more tense.

We already heard from Joe Manchin, the Democratic Senator from West Virginia,

...