A Global Inflation Crisis – The New York Times


Inflation has dominated the news about America’s economy in recent months as prices for food, gas and other goods have increased faster than they have in four decades.

But inflation is a global phenomenon right now — and the U.S. has actually fared better than other countries in recent months. In June, consumer prices in the U.S. increased 9.1 percent over the previous year; they increased 9.6 percent across the E.U. in the same time period.

Much of the public discussion about inflation in…



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