Inflation cooled slightly last month even as consumers stepped up spending
Inflation rates cooled slightly last month while consumer spending increased.
WASHINGTON (AP) — Inflation slowed a bit last month as Americans ramped up their spending, though price gains remained elevated and are a challenge for many voters as the midterm elections approach. The Commerce Department said Wednesday that consumer prices rose 3.4% in August compared with a year earlier, below the 3.7% economists had forecast....
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