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International Business Times
International Business Times
Business
Beiyi SEOW

MYSTERIOUS: Us consumer inflation eases more than expected in june - You Need To See This

US consumer inflation came in slightly lower than expected, at 3.0 percent in June (Credit: AFP)

US inflation cooled more than expected in June, government data showed Thursday, a positive development for President Joe Biden as he fights to win confidence on his economic record in his reelection bid.

The consumer price index (CPI) rose 3.0 percent last month from a year ago, said the Labor Department, as a fall in gas prices more than offset housing costs.

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