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After decades of weaker-than-expected price growth, America has inflation on the brain.

Inflation — or the general rate at which prices climb — has taken center stage as the US economy climbs out of its year-long slump. Economists expected the combination of a swift reopening and trillions of dollars in stimulus would lift prices at their fastest rate in recent history, and it soared to its fastest rate since 2008 in the spring — but some signs show it already cooling.

For some, forecasts of stronger inflation bring up memories of the 1970s and 1980s, an details ⇒

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