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Inflation Still Rising Despite July Dip | Fort Wayne News
Inflation’s cooling slightly month-to-month, but year-over-year prices are still climbing—3.4% nationally and 3.5% in the Midwest. Core inflation, excluding food and energy, is also rising, though it’s flat or even down locally. Groceries dipped a bit in the Midwest but remain costlier than last year; dining out and gas are up, with gas still far above pre-pandemic levels. Housing costs are soaring: energy bills up 5%, rent up 4.2% in the Midwest—higher than the national average. The Fed faces a tough balancing act: easing rates could help jobs but risk fueling inflation further. Listen in…
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