A new report released on inflation shows the August Consumer Price Index (CPI) report, which does not include volatile food and energy prices, rose an expected 3.2% from a year earlier. It was a higher-than-anticipated increase by 0.3% but is the slowest rate of inflation in three years. Overall, the report indicates that inflationary pressures continues to ease for the in the U.S. economy are continuing to ease, but prices of everyday goods remain high.
FOX’s John Saucier speaks with Jonathan Hoenig, founder of Capitalistpig.com and FOX News Business contributor, who says the report has some good news but Main Street is still feeling the pressure.
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