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Report: Inflation costs families around $3,500 this year

FILE - Denver Shopping

In this May 10, 2020, file photo, a shopper pushes his cart past a display of packaged meat in a grocery store in southeast Denver.

(The Center Square) – A new report estimated the annual cost of elevated inflation this year will be around $3,500 per household.

The Wharton School of the University of Pennsylvania, one of the nation’s leading business schools, released the report, which estimated much higher costs for American families because of inflation that has risen this year at the fastest rate in decades. MORE