Fuel costs have stoked the inflation surge. This station in eastern San Diego County recently showed prices above $7 a gallon.

How inflation could affect borrowing, saving and even volunteering

Inflation obviously involves spending challenges. Rising prices mean consumers might need to shop more carefully, pare back on purchases and still face higher bills for food, shelter, gasoline, appliances, vacations and other purchases. With U.S. inflation now running at an annual pace of 8.6%, a four-decade high, the topic has taken on more urgency. Most economists expect inflation …

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