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Fed’s Core Inflation Focus vs. Retirees’ Real World Thumbnail

Fed’s Core Inflation Focus vs. Retirees’ Real World

On September 13, 2023, it was announced that August saw inflation record its biggest monthly increase for all of 2023 as energy prices rose significantly. Specifically, the Department of Labor reported that the Consumer Price Index (CPI), which measures costs across a broad array of goods and services, rose 0.6% for the month, and was up 3.7% from a year ago.

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