Inflation is back, and consumers have noticed.
Consumer prices in April rose by the most in 12 years, as product shortages conspired with strong demand by consumers emerging from the coronavirus pandemic. Annual inflation is now 4.2%, a pace economists expect to persist and maybe rise further during the next few months.
Household budgets are suffering. In a new Yahoo Finance-Harris poll, 53% of respondents say their household income is failing to keep up with inflation. Fifteen percent say…
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