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Don’t blame labor for today’s high inflation

Por: The Hill Business September 24, 2022

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In September, the consumer price index (CPI) was than a year ago, and core inflation, which excludes the volatile energy and food components of consumer spending, printed at 6.3 percent. Clearly, one of the most important causes of America’s inflationary surge has been skyrocketing oil and food prices, which not only boost the “headline” CPI figure but bleed into core inflation as well. Beyond that, the pressure of rising aggregate demand,... + full article



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