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Sunday, August 14, 2022

Double-digit inflation heading towards us as GDP growth slows

Inflation could reach 10 percent before the end of summer as Russia cuts gas supplies to Europe, wage growth demanding workers and price increases become embedded in the economy’s service sector.

Ryland’s annual inflation in July remained unchanged from June at 9.6 percent, which is itself a 38-year high.

World Nation News Desk
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