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Inflation Dents Consumer Sentiment

Inflation Dents Consumer Sentiment

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An alternative measure of inflation is personal consumption expenditures (PCE) that reflects the prices of goods and services purchased by consumers and it is up 4.4% YoY. On a YoY basis gasoline prices are up 49.6%, used car & trucks up 26.4%, meat up 11.9% and new vehicles up 9.8%.

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