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Topline
Inflation sank to its lowest level since March 2021 last month, but a massive chunk of declining prices were attributable to one key input as a variety of items continue to grow more expensive.
Key Facts
Gas was the most notable component of the consumer price index to tumble down in price, declining 27% on an annual basis; the Labor Department’s energy index is down 27% over the last 12 months, driving nearly all of inflation’s slowdown.
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