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Inflation slowed sharply -- but it may not last

Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to p…

Source NPR AI Summary Updated 1h 48m ago

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Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.

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Inflation slowed sharply -- but it may not last

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