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Contrary to the smug assertions of the White House and its stenographers in the corporate media, inflation did not, in fact, peak back in March. The Bureau of Labor Statistics published its finding that inflation rose by 8.6% in the year ending this May (or 1% just in May alone). While the BLS’s consumer price index recorded the greatest inflation in 40 years, that figure may in fact be an underestimate, not just due to the way the BLS weights various categories of spending in its basket of goods, but also because of the particularly egregious structure of our current inflation bout.