Inflation Was Worse Than We Thought


Dashboard oil pressure gauge has a scale showing INFLATION and a needle pointing at the danger red zone. Illustration of the concept of high inflation rate and increasing cost of living

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By William J. Luther

The Bureau of Economic Analysis has revised its estimates of inflation. The bad news: prices have risen faster than was previously thought. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure



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