Elon Musk says SpaceX, Tesla facing 'significant' inflationary pressure

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Elon Musk says SpaceX, Tesla facing 'significant' inflationary pressure
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Musk's tweet comes after the consumer price index rose 7.9% in February from a year ago, marking the fastest increase since January 1982, when inflation hit 8.4%.

consumer price index rose 7.9%

in February from a year ago, marking the fastest increase since January 1982, when inflation hit 8.4%. The CPI — which measures a bevy of goods ranging from gasoline and health care to groceries and rents — jumped 0.8% in the one-month period from January. According to the , the median expectation is that the inflation rate will be up 6% one year from now, matching an 11-year-high recorded in November.

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