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While the economy is showing promising signs of recovery, adding 850,000 payrolls in June, inflation is also on the rise, concerning some economists and executives. To balance it out, CEOs are saying they will have to raise prices on their goods.
The Bureau of Labor Statistics’ monthly Consumer Price Index release showed that inflation in June was much higher than expected, with prices surging 0.9% over May, the highest month-over-month inflation rate since April 2008’s 1.0% increase. And while President Joe Biden’s administration is confident this surge is only temporary, details ⇒
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