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Here’s a curve that dramatically worsens the 41-year-old June inflation data

As if June inflation data hitting a 41-year high on Wednesday weren’t enough, here’s some worse news: Americans’ profits fell again last month when factoring in rising costs.

While the cost of living climbed 1.3% from May to June according to the Bureau of Labor Statistics, it said the average inflation-adjusted hourly wage actually fell 1% over the same period.

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Post expires at 3:13pm on Friday July 22nd, 2022