US inflation likely eased in August — but not enough

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Washington (AFP) – US inflation likely slowed in August, largely thanks to falling gasoline prices, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses.  The consumer price index (CPI), a key measure of inflation, is expected to have fallen in August compared to the prior month — the first decline since November 2020. The Labor Department is due to release the latest data Tuesday. The annual inflation pace also is likely to have improved to 8.0 percent, according to a MarketWatch consensus forecast…

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