A strange loop keeps happening in the U.S. economy: prices go up, forecasters predict that consumers will restrain their spending, and then we learn that consumers are unfazed by rising prices. The government’s latest inflation numbers, released Tuesday, March 14, suggest that this is still happening. The Consumer Price Index in February rose 6% from the same period a year ago, signaling that inflation has not slowed as much as economists had hoped.
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Alana Semuels, Time: Business
Tue, 03/14/2023 - 9:55am
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