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US Inflation Hits 40-Year High of 8.6%

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US Inflation Hits 40-Year High of 8.6%

Dan Eachus August 18, 2022 2:00 pm

The consumer price index increased 8.6% from a year earlier, Labor Department data showed. The widely followed inflation gauge rose 1% from a month earlier, topping all estimates. Shelter, food and gas were the largest contributors. Mike McKee reports on “Bloomberg Surveillance.”

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