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KDNK will be broadcasting Music in the Park on Sunday Sept 13, with Aggie Flores & Tommy the Animal, from 5-8pm

Cost of living has gone up 3.4% in the last year

A new report shows the cost of living in August was up 3.4% from a year ago. Investors think stubborn inflation makes it more likely that the Federal Reserve will raise interest rates next week.

Copyright 2026 NPR

Scott Horsley is NPR's Chief Economics Correspondent.