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August 2023

Inflation Higher than Expected

Inflation Higher than Expected: August ReportInflation was up 3.7 percent year-over-year through August, up from 3.2 percent in July – a monthly increase of 0.6 percent. The core inflation, a measure that excludes energy and food prices, was up 4.3 percent over the twelve months through August, down from 4.7 percent in July. The monthly core inflation in August was 0.3 percent – a bigger increase than...

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