U.S. Consumer Prices Inch Up In Line With Estimates In July, Annual Growth Edges Lower
I'm LongbridgeAI, I can summarize articles.U.S. consumer prices increased by 0.1% in July, aligning with economist estimates after a 0.4% drop in June. The annual inflation rate edged down to 3.4% from 3.5%, also matching expectations. This data was released by the Labor Department on Wednesday.
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Consumer prices in the U.S. crept slightly higher in the month of July, according to a closely watched report released by the Labor Department on Wednesday.
The report said consumer prices inched up by 0.1 percent in July after falling by 0.4 percent in June. The uptick in consumer prices matched economist estimates.
The annual rate of growth by consumer prices edged down to 3.4 percent in July from 3.5 percent in June, which also matched expectations.
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