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August data shows inflation eased for second straight month as prices remain high

August data shows inflation eased for second straight month as prices remain high

August data shows inflation eased for second straight month as prices remain high 150 150 admin

The U.S. Labor Department’s latest Consumer Price Index report shows inflation rose 8.3% in August in comparison to one year ago. But, prices increased by 0.1% for the month. Nela Richardson, a chief economist for ADP, joins CBS News to break down the latest CPI report and what it says about the state of the U.S. economy.
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