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Cost of Living Crisis Deepens | Los Angeles News
Description
Inflation’s grip tightens as families scramble to cope with soaring costs—from groceries to gas—driven by global supply chains and surging demand. Economists debate whether central bank rate hikes can ease the pain or risk slowing growth, while businesses pivot prices and efficiency measures. Governments weigh support options amid rising social stress and uncertainty, as the economic puzzle grows more complex—and no easy fixes remain in sight.
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