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flag Inflation rose 3% since January 2024, driven by auto insurance, housing, and holiday spending.

flag The latest inflation report shows a 3% increase in prices since January 2024, driven by higher auto insurance premiums (11.8%), housing costs (4.4%), and strong holiday spending ($1 trillion). flag Economist Sarah House notes that high spending by wealthier Americans may discourage companies from lowering prices. flag The Federal Reserve plans to keep interest rates high, making borrowing for homes and vehicles more expensive.

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