With inflation at a near 40-year high, the biggest corporations are cashing in “on the backs of the American people,” by crimping competition and raising prices, said Senator Mark Kelly (D, AZ).
In Kelly’s home state of Arizona, its largest cities saw cost pressures outpace the national average last year, with inflation rising 9.7% last year in the Phoenix metro area, compared to 7%, according to data from the Bureau of Labor Statistics.
“We’re at full employment [in Arizona] right now ……
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