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Lower gas costs slowed U.S. inflation for a second straight month in August, but most other prices across the economy kept rising — evidence that inflation remains a heavy burden for American households.
The stock market took a big hit on Tuesday, with the Dow falling 1,200 points over the day, as a new report shows inflation remains high.
"This was a disappointing report," said Laura Rosner-Warburton, senior economist at MacroPolicy Perspectives.
WASHINGTON (AP) -- Lower gas costs slowed U.S. inflation for a second straight month in August, but most other prices across the economy kept rising --
WASHINGTON -- Lower gas costs slowed U.S. inflation for a second straight month in August, but most other prices across the economy kept rising -- evidence that inflation remains a heavy burden for American households.