May 2021 Consumer Price Index Shows Fastest Inflation Since 2008

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Cycle Governments consumer price index to gauge of inflation at the retail level, shot up five points in May from the same time last year, Biggest year to year increase since the Great recession in 2008 consumers are spending more rapidly than businesses can reopen or ramp up and higher up as long as that's going on that makes it hard for prices to obey. Economist Diane Swonk says. It won't last as we get further away from their pandemic rebound. Those factors should Dissipate. Ahead of Friday's

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