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Inflation cooled significantly in June, bringing price hikes close to normal levels

Por: ABC7 World July 12, 2023

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Wednesday morning from the Bureau of Labor Statistics arrives days after a government release indicated that hiring slowed last month but remained solid. The economy, the jobs report suggests, continued a gradual downshift in June amid a central bank to dial back activity and slash prices while averting a recession.Consumer prices 4% in May compared to a year ago.The latest reading indicates a notable cooldown in June but still exceeds the... + full article



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