Economists estimate underlying price pressures remained modest.
As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades. WSJ’s Gwynn Guilford explains how the consumer-price index works and what it can tell you about inflation. Illustration: Jacob Reynolds
Thursday’s report on consumer spending and inflation will be closely watched for signs of whether the economy is picking up steam or cooling, and its effects on prices.Continue reading your article with
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