🍪 Who’s having a rough week? Elon, inflation, and the euro

Good morning! This is Bite Sized Beta, where we tell you everything you need to know in tech faster than you can say “inflation.”

It’s been a wild week… let’s see what’s cooking.

In the oven this week:

• 🚨 Inflation hits a 40 year high
• 🤦🏽‍♂️ Elon’s terrible, no good, very bad week
• 🍪 5 cookie crumbs
• 😂 Snickerdoodles: memes to save the day

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INFLATION HITS A 40 YEAR HIGH

We thought May’s inflation numbers looked bad, but then June said “hold my beer” and took it to another level.

Inflation numbers came out yesterday, and it’s not looking good. We knew it was gonna be bad, but not this bad. Inflation reached 9.1% in June, meaning things are on average 9.1% more expensive this June compared to last June.

Just look at these prices increases over the last year:

• Airfare: +42%
• Coffee: +16% (No wonder my damn latte yesterday was $8)
• Gas: +60%
• Eggs: +33%
• Butter: +22%