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businessmirror - 28 days ago

US inflation has gone K-shaped in the pandemic like everything else

LOW-INCOME Americans bore the brunt of job losses when the pandemic arrived. Now they’re getting hit hardest by price increases as the economy recovers. The headline consumer inflation rate in the US remains subdued, at 1.7 percent—but it masks large differences in what people actually buy. Some of the biggest price hikes of recent months, [ ]


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