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Inflation Cooldown, But Watch the Oil | Sacramento News
Published 4 weeks, 1 day ago
Description
Inflation cooled more than expected in June, dropping to 3.5% annually as gas prices plummeted nearly 10%—the biggest monthly drop since April 2020. Core inflation also fell to 2.6%, signaling broader price pressures may be easing. But watch out: rising tensions between the U.S. and Iran are pushing oil prices back up, potentially reigniting inflation next month.
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