What Is the True Cost of Inflation? It’s Complicated.

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Gasoline, groceries and housing. The three areas the place People spend essentially the most are considerably dearer than they have been a 12 months in the past.

Inflation is at its highest stage in additional than 4 a long time after rising to 9.1% in June, which suggests the vast majority of People are experiencing the primary critical, sustained rise in costs of their grownup lives. It’s consuming into paychecks, financial savings and sense of stability.

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