What is inflation? Understanding why prices rise, what causes it and who it hurts most.

Inflation is hovering near 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 it harder for many Americans to get by.

The Consumer Price Index, or CPI report, is due Tuesday and will provide key information on the prices of various consumer goods and services and how much they have risen over the past month and year. The data will give an idea of whether inflation is beginning to cool.

Olivia Munson & Elisabeth Buchwald | USA TODAY

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