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Mohamed El-Erian says the U.S. is nearing a ‘cost-of-living crisis’ after more hot inflation data

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the close up of the five rows coins ,and the coins jar that fell, with the back ground is a dark blue graph.

“It’s just a matter of time before we’re talking about a cost-of-living crisis,” economist Mohamed El-Erian told CNBC on Wednesday after the April CPI report.

Bank of England interest rate could hit 4% or more, ex-policymakers warn

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