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Average wages have climbed by 3.4 percent in the past year, but inflation is now running at 4.2 percent. That means Americans are getting poorer, and the Iran war is a big reason why.
Inflation reaches 4.2 percent as prices outpace paychecks
reason.com
Inflation can be a difficult beast to tame once it has been unleashed. And the affordability discourse is only going to get louder now.
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Reason Magazine
