Via MSN:

Prices rose by 5 percent in May compared with a year ago, the largest increase since the Great Recession, continuing a steady climb in inflation even as policymakers insist on staying the course.

Price spikes often coincide with downturns, and officials from the White House and Federal Reserve have predicted that prices will climb over the coming months, especially compared with a year ago, when the economy was reeling from coronavirus pandemic shutdowns. However, the move adds new fuel to criticism from Republicans, and at least one prominent liberal economist, that too much government spending could wreak havoc and lead to an overheated economy.

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