Tag: Consumer prices
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The Line: Consumer Prices Fell More than Expected in June
Today, we have some great news on inflation. Enjoy it while it lasts. The consumer price index declined by 0.4% last month, beating the consensus forecast of a 0.1% dip. This was the largest monthly decline in consumer prices in over six years. Over the past year the CPI was up 3.5%, which was lower than…