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Dollar’s Purchasing Power Plunged At Fastest Pace Since 1982

Dollar's Purchasing Power Plunged At Fastest Pace Since 1982

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The Consumer Price Index jumped 0.9% in June from May, after having jumped 0.6% in May, and 0.8% in April. The only aspect of inflation or the loss of purchasing power of the dollar that is temporary is the speed with which it progresses, faster or slower, from month to month.

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