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Inflation – Real and Symbolic In January, the U.S. Consumer Price Index, generally known as the inflation rate, grew 0.6% for an annualized increase of 7.5%. That’s the highest rise in over 40 years. Though salaries have climbed almost as fast, especially among low-wage workers, the inflation increase has caused a political crisis for Democrats More
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This content originally appeared on CounterPunch.org and was authored by Stephen F. Eisenman.