Consumer price index rises from last year, but core inflation down from a month ago
BISMARCK, N.D. (KFYR) - You’ve likely noticed higher prices at the store. The consumer price index is up 5.3% from last year.
Analysts say it could have been worse, but there are some big contributors to inflation. Among them, a 43 percent hike in gas prices form a year ago and a 12 percent rise in the price of beef.
However, core inflation is actually down from a month ago, increasing by just four percent on the year, which economists say is encouraging.
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