Why inflation is the economic problem of the decade
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It increasingly looks as if the inflation problem that emerged five years ago wasn't a one-off event, but the defining economic challenge of the decade — and Americans don't like it one bit.The big picture: Price pressures were already reaccelerating in the last few months, and that was before the U.S.–Israeli attack on Iran disrupted global energy supplies.Since the initial outburst in 2021, economists have taken solace that price spikes could be chalked up to one-time factors: pandemic supply
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