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As comes the recovery, so does inflation.

The gradual reopening of the US economy is quickly lifting consumer demand as Americans rush to revive their pre-pandemic habits. The surge in spending has already pushed popular gauges of inflation higher, but experts see price growth accelerating further as the recovery continues.

Debates over how inflation trends over the next year split economists into two camps. One group — which includes Republicans and even moderate Democrats like former Treasury Secretary Larry Summers — fears the latest stimulus package and strong demand will spark rampant and dangerous price growth. details ⇒

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