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September 13, 2022

  • AP
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US inflation still stubbornly high despite August slowdown

The Cheap Investor3 years ago3 years ago06 mins

WASHINGTON (AP) — Lower gas costs slowed U.S. inflation for a second straight month in August, but most other prices across the economy kept rising — evidence that inflation remains a heavy burden for American households. Consumer prices rose 8.3% from a year earlier and 0.1% from July. But the jump in “core” prices, which…

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