NewsWatch: Hottest U.S. inflation rate in almost 40 years brings sigh of relief in some corners of financial markets

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Americans pay the price for high inflation each time they go to the grocery store

Beef, chicken, seafood, eggs, milk, snacks, even baby food. Americans are seeing rising prices or inflation every time they make a trip to the grocery store. Prices are rising at the fastest pace in more than a decade.

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