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Today's inflation is different. Here's how, in four charts

WASHINGTON - The bumpy economic recovery has policymakers, economists and the American public grappling with higher price hikes for groceries, gas, cars, rent - and just about everything else.

The Marriner S. Eccles Federal Reserve building in Washington, D.C.. MUST CREDIT: Bloomberg photo by Andrew Harrer.

For months, officials at the Federal Reserve and White House have argued that covid-era inflation is temporary, or "transitory," and that prices will simmer back down as the economy has time to heal. The hope was that inflation would have started cooling by now.

But the delta variant of the coronavirus and persistent supply chain backlogs have kept prices elevated. And there's no clear answer for when that will change, leaving Americans to feel the strain in their pocketbooks in the meantime...

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