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Cost of living has gone up 3.4% in the last year

NPR | By Scott Horsley
Published September 11, 2026 at 6:45 PM MDT

A new report shows the cost of living in August was up 3.4% from a year ago. Investors think stubborn inflation makes it more likely that the Federal Reserve will raise interest rates next week.

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Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent.
See stories by Scott Horsley
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