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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.

Copyright 2026 NPR
Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent.