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Inflation slowed in July, but Iran war and spending on AI push up prices

Inflation slowed in July, but Iran war and spending on AI push up prices
Photo: NBC 5 Dallas-Fort Worth (KXAS) - Top Stories · 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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