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Poorest Americans are hit hardest by soaring prices on necessities

  • Written by Jacob Orchard, Doctoral Candidate in Economics, University of California San Diego
Poorest Americans are hit hardest by soaring prices on necessitiesNot all baskets are created equally. Gina Ferazzi/Los Angeles Times via Getty Images

The fastest rate of inflation in 40 years is hurting families across the U.S. who are seeing ever-higher prices for everything from meat and potatoes to housing and gasoline.

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