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Surge in U.S. consumer prices slows in August, CPI shows. Has inflation peaked?

·2 min read
Surge in U.S. consumer prices slows in August, CPI shows. Has inflation peaked?

The cost of living rose in August at the slowest pace in seven months and signaled a big surge in inflation this year may have peaked, but Americans probably aren't going to get much relief from higher prices anytime soon.