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U.S. to Report July Inflation as Economy Cooled
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U.S. inflation likely remained close to a four-decade high in July despite cooling energy prices, economists say.
The Labor Department on Wednesday is estimated to report that the consumer-price index rose 8.7% in July from the same month a year ago, down from 9.1% in June, according to economists surveyed by The Wall Street Journal. June marked the fastest pace of inflation since November 1981.
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