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Top economists tear apart Trump's 7% inflation bomb (opens in new tab)

inflation has accelerated for the third straight month, exploding to 4.2 percent annually, nearly double the annual increase before President Donald Trump launched war with Iran. The fastest increase pace since 2023, rising energy prices were the main reason for the growth. That’s already bad news, but according to several leading economists, the situation is going to get worse as “the inflation genie is out of the bottle.”“So far, over the first five months of 2026, the CPI is up 2.52 percen...

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