Inc.com
In August, the U.S. experienced a notable increase in the Consumer Price Index (CPI), with a 0.6 percent month-over-month rise, marking the highest monthly increase of the year. The primary culprit was skyrocketing gas prices, which reached levels not seen since October and accounted for more than half of the August CPI hike.This comes as 23 percent of small business owners still report inflation as a top concern in August. Nevertheless, the broader economic landscape shows signs of softening, including modest job gains and wage pressures, raising concerns about consumer spending in the coming months.
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