The annual inflation rate in the US eased for a second straight month to 8.3% in August of 2022, the lowest in 4 months, from 8.5% in July but above market forecasts of 8.1%.

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Voters rated the Biden administration as competent and effective last year. Not anymore, as a majority sees no improvement in getting inflation under control—and a growing number say rising prices have damaged their family finances.

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