United States inflation cools at the margin and trims the case for a September Fed hike

Headline CPI rose 0.1% in July and 3.4% over twelve months, while core inflation eased to 2.5% year on year.

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United States consumer prices rose 0.1% in July after June's decline, matching expectations. Annual headline inflation eased to 3.4%, while core CPI rose 0.2% month on month and 2.5% year on year.

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