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Economic Report: U.S. inflation still surging and hits 31-year high, PCE price barometer shows

Economic Report: U.S. inflation still surging and hits 31-year high, PCE price barometer shows

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The numbers: Another key barometer of the cost of living showed inflation rising at the fastest pace in almost 31 years, underscoring a growing problem for the financial well-being of households and the broader U.S. economy.

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