Inflation didn't rise as much as feared in August, based on the measurement that the Federal Reserve Board prefers, but Virginia economists say a 3.4% increase over a year ago is still "uncomfortably high" as record diesel fuel prices ripple through the economy.
richmond.com
Inflation increase is less than feared, but still 'uncomfortably high'
Inflation didn't rise as much as feared in August, based on the measurement that the Federal Reserve Board prefers, but Virginia economists say a 3.4% increase over a year ago is still "uncomfortably high" as record diesel fuel prices ripple through the economy.