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by cityhomesteader
2929 days ago
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No. Inflation has been near 0 for most of the western world since 2008. The increase is a result of lax monetary policy ( central banks flooding the world with money ) and asset price ( stocks, housing ) increases. In other words, inflation hasn't increase 10.6% last year. If you want to check historical inflation data. https://tradingeconomics.com/united-states/inflation-cpi |
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