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Larry Summers from Harvard discusses inflation trends on Wall Street Week. He expresses that the recent inflation numbers, which indicate a robust inflation environment, weren't surprising given the current economic context. With the economy growing faster than its potential and low unemployment rates, alongside significant budget deficits and easy financial conditions, he suggests that such inflationary pressures are expected. Summers highlights the notion of "super core inflation," which analyzes inflation by excluding transitory factors and housing, indicating that inflation is running above a 6% rate by this measure.
