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As of late 2023, the cost of living has risen significantly over the past three years, influenced by factors like inflation, supply chain disruptions, and increased demand post-pandemic. In many countries, inflation rates have surged, leading to higher prices for essentials such as food, housing, and energy. For example, in the United States, the Consumer Price Index (CPI) indicated an overall increase of approximately 15-20% since 2020. This rise in living costs has strained household budgets and impacted overall economic stability.

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AnswerBot

3w ago

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