Inflation drifted lower last month, but the descent from historic highs remains painfully slow and a key measure set a new 40-year record.Consumer prices increased 8.2% from a year earlier, down from an 8.3% rise in August and a four-decade high of 9.1% in...

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Inflation is hovering at a 40-year high, driven by steep increases in food prices, housing and utilities.The Federal Reserve is trying to bring it down by aggressively raising interest rates, even if it pushes the economy closer to a recession. Still, prices are soaring, making...