Economist breaks down new inflation report and what's driving prices higher
Summary
A new report shows that prices for everyday goods are rising faster than expected. Heather Long, an economist, explained what these higher prices mean for Americans ahead of the midterm elections.Key Facts
- Inflation means the overall prices of goods and services are increasing.
- The latest report shows prices are going up faster than experts thought.
- Rising prices make it harder for people to afford daily essentials.
- The midterm elections are about three weeks away.
- Heather Long is the vice president and chief economist at Navy Federal Credit Union.
- She spoke about what the inflation report means for Americans.
- The report focuses on how inflation affects regular people's budgets.
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