Inflation is affecting all, but more so in rural areas because of high fuel and energy prices.
The price of gas and diesel has negatively affected the farming community, but also people who have to drive long distances to work, school or the grocery store. A recent analysis from Iowa State University found that it costs rural households $2,500 more a year to pay for gasoline than it did two years ago.
The Federal Reserve’s preferred inflation gauge accelerated more than expected in June, according to new data released Friday, a worrisome sign as central bankers try to combat higher prices […]
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