Key Inflation Gauge Posts Fastest Annual Price Gain In 30 Years

Some economists have expressed concerns that if prices accelerate too fast and stay high for too long, expectations of further price increases will take hold, driving up demand for wages and potentially triggering the kind of wage-price spiral that plagued the economy in the 1970s.

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July 30, 2021 3 min read

This story originally appeared on The Epoch Times

Consumer prices, excluding the volatile food and energy components, soared well beyond the Federal Reserve’s 2 percent target in the year to June, reaching levels not

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