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I am the second

We’re experiencing inflation that can’t be ignored

Data: Bureau of Labor Statistics via FRED

June's jump in consumer prices was the biggest year-over-year increase for any month since 2008 — a surprising 5.4%, with used cars and trucks responsible for one-third of the surge.

Why it matters: The White House was counting on fleeting inflation. Now, it's starting to look like it could last.

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