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U.S. inflation report highlights strain of rising food, energy and housing costs
High inflation persisted last month, providing little relief for Americans struggling with affordability. It is driven largely by food and energy price increases, but housing costs also rose. The country appears to be headed for an annual inflation rate of about 4% this year. To discuss what it means for the economy, Geoff Bennett spoke with Austan Goolsbee of the Federal Reserve Bank of Chicago.
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- PBS NewsHourU.S. inflation report highlights strain of rising food, energy and housing costsHigh inflation persisted last month, providing little relief for Americans struggling with affordability. It is driven largely by food and energy price increases, but housing costs also rose. The country appears to be headed for an annual inflation rate of about 4% this year. To discuss what it means for the economy, Geoff Bennett spoke with Austan Goolsbee of the Federal Reserve Bank of Chicago.