Inflation rises faster than expected, pinching pocketbooks and spooking the markets

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New inflation numbers out Friday show the nation's economic pain has not peaked, and is still getting worse. The U.S. Labor Department reports consumer prices rose 8.6 percent in May from a year ago, marking the biggest increase in more than 40 years going back to December 1981. Michelle Singletary, a personal finance columnist for The Washington Post, joins Judy Woodruff to discuss the impact.

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