Fed’s key inflation measure climbs 0.6% in August, slightly higher than estimates

Fed's key inflation measure climbs 0. 6% in august, slightly higher than estimates

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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