U.S. inflation report highlights strain of rising food, energy and housing costs
Summary
Inflation remained high last month, with rising food and energy prices driving much of the increase. Housing costs also rose, and the country appears headed for an annual inflation rate of about 4% this year.Key Facts
- The report says inflation persisted last month.
- Food and energy price increases drove much of the inflation.
- Housing costs also rose.
- The country appears headed for an annual inflation rate of about 4% this year.
- Geoff Bennett spoke with Austan Goolsbee of the Federal Reserve Bank of Chicago about the economic effects.
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