✉news BusinessEconomy first seen 3 d ago, last 2 d ago, peak #21
US inflation ticks back up to 3.7% ahead of elections
Original: Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near
US inflation rose to 3.7% last month, up from the previous reading, according to newly released government figures. The uptick signals that consumer prices remain stubbornly elevated despite the Federal Reserve's campaign of interest rate increases. With midterm elections approaching, the persistence of higher costs for groceries, housing and fuel is expected to weigh heavily on voters and intensify political pressure on the Biden administration over the economy.
Why now: Fresh inflation data landed weeks before the midterm elections, making living costs a central political issue.
United StatesFederal ReserveJoe BidenBureau of Labor Statistics
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Evidence
- Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near · Courthouse News
- Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near · Local 3 News
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