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Sunday, December 22, 2024

Inflation fell slightly to 8.3% in August as pain from higher prices lingers

Inflation was little changed in the month of August, despite efforts by the Federal Reserve to cool off the U.S. economy. Data released Tuesday by the U.S. Bureau of Labor Statistics showed that inflation landed at 8.3% last month compared to one year ago. Economists surveyed by Bloomberg had …

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