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The price of everything from wine to college tuition keeps climbing in the US. How worried should you be?

Preeti Varathan
The price of everything from wine to college tuition keeps climbing in the US. How worried should you be?

US consumer prices have risen more than expected, stoking fears that inflation is about to get much higher. The Consumer Price Index (CPI), which tracks the price of everything from cereal and wine to college tuition, grew 0.5% last month—slightly higher than the expected 0.3%. That may sound miniscule. But inflation, in the US and…