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Topline
Inflation in June fell to its lowest level in more than two years as the Federal Reserve’s war against price increases continue to bear fruit, though some data indicates inflation is far more stubborn than it may appear.
Key Facts
The Labor Department’s consumer price index was 3% higher last month than it was in June 2022, according to government data released Wednesday morning, a massive decline from last June’s 9.1% inflation and jumping just 0.2% from May.
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