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US inflation again set to be a crucial factor for the midterms

Donald Trump was re-elected on the back of inflation anger, and his party is now in danger of losing control of the House and Senate for the same reason

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Inflation

The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.

When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.

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