Economic Report: Inflation rate hits 30-year high, PCE shows, as U.S. confronts major shortages

Economic Report: Inflation rate hits 30-year high, PCE shows, as U.S. confronts major shortages
The rate of inflation in the U.S. rose again in July and drove the increase over the past year to a 30-year high, pointing to fresh strains on businesses and consumers as the economy recovers from the pandemic.

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