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Inflation ticked up in July, reversing some progress in fight to slow price hikes

Por: ABC News Business August 11, 2023

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Consumer prices rose 3.2% last month compared to a year ago, marking an uptick that reverses some of the progress achieved in the monthslong fight to bring inflation down to normal levels, government data showed. The data, however, outperformed economist expectations of a larger increase.Inflation stands well below its peak last summer of over 9% but remains more than a percentage point higher than the Federal Reserve's target rate.Core... + full article



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