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Inflation Rises in August on Food and Rent
Published 7 months, 3 weeks ago
Description
Inflation climbed 0.4% in August, according to federal data, doubling July’s pace. Over the past year, inflation is up 2.9%. Food prices rose 0.5%, with fruits and vegetables jumping 1.6%, the biggest monthly increase in that category. Rent continued to rise, with the shelter index up 0.4%. Energy costs also increased 0.7%. The government’s report shows no big surprises, just more signs that price pressures are still lingering.
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