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Inflation is Here #shorts
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Inflation has come to dominate dinner table discussions as the price of food, energy, housing and almost everything else Americans deal with on a daily basis vault higher. In May, it climbed to its highest level since 1981, rising 8.6% from a year earlier as measured by the Consumer Price Index. There is concern now that we may see a repeat of the 1970s, when the inflation rate averaged 7.1% for a whole decade, devastating household finances and the economy.
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