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Published: Sep 13, 2022 3 min read
Man grocery shopping
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Inflation is still sky-high, and everyday essentials like groceries, paper products and utilities are seeing their largest yearly price increases in decades. Rent and health insurance costs are soaring too.

New data released Tuesday by the Bureau of Labor Statistics (BLS) shows that consumer prices rose 8.3% year-over-year in August. That’s a slight improvement over July’s 8.5% annual inflation rate, but it’s still extremely elevated by historical standards. Many experts expected price growth to have slowed down in August, but instead prices rose 0.1% from July.