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Editor Daily Rundown: Inflation Hits New Record In Biden’s America

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Vince Coglianese Editorial Director
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BREAKING THIS AM… RECORD INFLATION NUMBERS… BEN CASSELMAN, NYT: U.S. consumer prices rose 1% in May and were up 8.6% from a year earlier, faster than April’s 8.3% pace. The reacceleration in headline inflation was driven by another big jump in gas prices. […]

The 8.6% increase in consumer prices over the past year is the fastest pace of inflation since December 1981.