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Inflation eases in July as gasoline and grocery prices fall

NPR ·
Inflation eases in July as gasoline and grocery prices fall

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June.

The news makes it less likely the Fed will feel the need to raise interest rates in September. (Image credit: Justin Sullivan)

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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.npr.org — the content belongs to NPR.

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