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WEKU
Suzanne Nuyen

Housing costs keep inflation stubborn; New report on Maui wildfires released

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Inflation has proven more stubborn than expected this year. The Federal Reserve has managed to get it down significantly from its peak of 9.1% two years ago. But it's been difficult to push inflation lower than 3%. One of the biggest drivers of inflation last month was the high cost of housing. The government reports that rent increased nearly 6% in the past 12 months. But real estate experts say government figures don't tell the full story.

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