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Inflation slows but prices remain elevated as Iran war and spending on AI push up prices

Inflation slows but prices remain elevated as Iran war and spending on AI push up prices
Photo: KSAT 12 (ABC affiliate) · view original

U.S. inflation declined slightly last month as the cost of gas and groceries slipped, though prices are still rising more quickly than before the Iran war, posing challenges for the White House as the midterm elections near. Consumer prices increased 3.4% in July from a year ago, down slightly f...

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