Is Rampant 14% Inflation Possible Today?

·3-min read

According to the latest Consumer Price Index (CPI) data, the inflation rate in the United States was 5.4% in June. To be sure, this is the highest inflation rate we've seen in some time. The inflation rate in the U.S. crept just above this level in 2008 (for one month), but aside from that, we haven't seen inflation rates above 5% since the early 1990s.

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