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When the cost of nearly everything is rising, economists call it inflation. Even if paychecks also rise, inflation typically leads people feel like it’s harder to make ends meet, and it often becomes a major political issue. Travelers look at departures by the WestJet gate as the airline’s flight attendants strike outside at Pearson International Airport in Toronto, on Sunday, Aug. 2, 2026. (Sammy Kogan/The Canadian Press via AP) Gas prices are displayed electronically at QT gasoline station, Thursday, Aug. 6, 2026, in Greenwood Village, Colo. (AP Photo/David Zalubowski) A person loads groceries in plastic bags into their vehicle, May 18, 2026, at a grocery store in Cincinnati. (AP Photo/Joshua A.
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On Wednesday, gas averaged $4.04 a gallon nationwide, 16 cents higher than a month ago, according to the motor club AAA.
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