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Tag: economy’s recovery

Inflation spikes in May as prices jump at fastest annual clip since 2008, squeezing consumers as economy reopens

June 10, 2021

Via: USA TODAY

American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May rise in consumer prices that the Labor Department reported Thursday […]