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Explained: Why are fears of high inflation getting worse?

Updated : May 12, 2021 08:56:00 IST

In the past, rising inflation has usually led to higher pay as workers have demanded and received raises to keep pace.
In fact, inflation can't really accelerate for long without sizable wage gains.
Yet pay raises if they do occur typically lag behind price increases, thereby squeezing consumers at least temporarily.
Explained: Why are fears of high inflation getting worse?
Published : May 12, 2021 08:36 AM IST

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