Inflation Rate Hits 30 Year High, Pointing to Fresh Strains on Businesses and Consumers
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"The rate of inflation in the U.S. rose again in July and drove the increase over the past year to a 30-year high, pointing to fresh strains on businesses and consumers as the economy recovers from the pandemic. The personal consumption expenditure or PCE price index climbed 0.4% in July, government figures show. It was the fifth big increase in a row."
Inflation rate hits 30-year high, PCE shows, as U.S. confronts major shortages https://t.co/p2vZxfL9HS
— MarketWatch (@MarketWatch) August 27, 2021
