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Explain It to Me
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Inflation Will Not Be as High as It Was Before the Pandemic
In July inflation did slow down so that is a pretty good sign we don't yet know if inflation has peaked people thought that it did earlier in the year but then it picked back up. The fed does target 2% inflation which means that prices grow at a 2% rate annually meaning that over time things get more expensive. In normal times your wage growth outpases the rate of inflation and right now wages are up 5.2%.
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