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Podcast: NBTV: Your Money, Your Data, Your Life
Episode: Inflation hits 7.5% -- 40-YEAR HIGH!
Description: CPI numbers just released, and US inflation has soared to 7.5% in the past year, which is a 40-year high.Price increases covered the entire economy:Wages have risen at the fastest pace in at 20 years.Electricity skyrocketed 4.2% in January alone, up 10.7% over the year.Furniture and supplies saw the largest one-month increase on record since 1967. Food costs, air fares, all rose.Used-car prices: Up 41% from a year ago!This is what happens when you quadruple the money supply in a year.And yet the money printing continues.M...