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US inflation stays elevated but prices rose less than feared last month

US inflation stays elevated but prices rose less than feared last month

WASHINGTON (AP) — U.S. inflation remained elevated last month as gas prices jumped while the cost of rents cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow. Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, the highest [...]

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