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Inflation may be easing — but low-income people are still paying the steepest prices

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The soaring costs of basic necessities such as food and housing are disproportionately hitting people with lower incomes. Here, a house is available for rent in Los Angeles on March 15. (Getty Images)
The soaring costs of basic necessities such as food and housing are disproportionately hitting people with lower incomes. Here, a house is available for rent in Los Angeles on March 15. (Getty Images)

This article was originally published on May 11, 2022.

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