Are we stuck with blistering inflation? High prices leave experts wondering when we'll see relief

Are we stuck with blistering inflation? High prices leave experts wondering when we'll see relief
Inflation stays high, leaves experts wondering when we’ll see relief

Are we stuck with high inflation?

After peaking at a 40-year high of 9.1% in June, consumer price increases eased to 8.5% in July and were expected to fall significantly for the rest of the year and beyond.

But that hope was seemingly dampened in an instant Tuesday when a government report showed that despite another sharp drop in gas, the 12-month rise in consumer prices edged down less than expected — to 8.3% in August,  instead of the 8% projected. And a measure that excludes volatile food and energy items rose twice as much as projected on a monthly basis. 

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