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Core inflation, which strips out food and energy, climbed 0.2% for the month and 2.5% over the past year
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At the fastest pace since January.
Inflation ticked down slightly in July, amid the resumption of strikes between the U.S. and Iran. The consumer price index (CPI) increased 0.1 percent last month, according to data released Wednesday…
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Another inflation reading comes as the Federal Reserve mulls potential interest rate hikes.