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The Los Angeles

Falling gas prices cut inflation in June, but renewal of Iran war could limit progress

Falling gas prices cut inflation in June, but renewal of Iran war could limit progress
Photo: NBC Los Angeles (KNBC) · view original

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled more than expected. Prices dropped 0.4% in June from May, the largest monthly drop in four years, the Labor Department said Tuesday...

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