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Review & Outlook: ‘Zero Inflation’? Not Quite.

Real average weekly earnings are still down 3.6% over the last 12 months. It’s a sign of how far and fast inflation has risen this year that an increase in prices of 8.5% in July on an annual basis triggered a market rally on Wednesday. That’s down from 9.1% a month ago, and the trend is in the right direction, but one month’s respite is far

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Posted: August 10, 2022 Wednesday 06:47 PM