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The latest inflation numbers show more pain for consumers

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People shop for food along a busy street in Brooklyn on June 15, 2022 in New York City.

NEW YORK, NEW YORK - JUNE 15: People shop for food along a busy street in Brooklyn on June 15, 2022 in New York City. As the American economy continues to see a rise in inflation, the Federal Reserve announced on Wednesday that it is raising interest rates by 0.75%, the largest such move since 1994. The Fed is attempting to cool the economy and keep prices on everyday items such as food, gas, and rent under control. (Photo By Spencer Platt/Getty Images) Spencer Platt/Getty Images

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