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Inflation Up 6.4% Over 2022

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.5% in January, 2023. The all items index was up 6.4% for the 12 months ending in January. The BLS says the index for shelter was by far the largest contributor to the monthly all items increase, accounting for nearly half of the monthly all items increase, with the indexes for food, gasoline, and natural gas also contributing. Continue reading HERE...

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