Nine months into 2022, inflation is still a major concern for many Americans. Overall prices in August increased 8.3% from a year earlier, the Labor Department's Consumer Price Index reported Tuesday. Soaring consumer prices aren't fading as quickly as hoped. Inflation in August remained near 40-year highs, defying forecasts of a sharper decline and squeezing the budgets of millions of Americans who are struggling to cover basic costs like food, gas and rent. While inflation did ease, the drop from a year earlier wasn't as large as economists predicted. Visit the link in bio to learn more.