Just one month after inflation blew past “expert” expectations that inflation had already peaked and instead hit a new 40-year high, inflation has now hit a 41-year high. June’s consumer price index increased by a staggering 9.1% on an annualized basis, and, contrary to the White House’s hopes that it could scapegoat gas prices (which have since slumped thanks to a demand contraction of its own making), core inflation accelerated.

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