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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 7:45 PM CDT

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.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent.

See stories by Scott Horsley

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