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Heres what they report according to December 2023 data from theFederal Reserve:
Heres more perspective on those numbers.
It was followed by the costs of basic living expenses and then housing.
What does all of this mean for the election and the presidential candidates?
However, outside events and factors have greatly impacted the U.S. economy.
They point to global events like the war in Ukraine that hurt supply-and-demand dynamics and fueled higher prices.
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