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US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars

Squeezed by painfully high prices for two years, America’s households have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries. Inflation was down sharply from a 4% annual rate in May, though still above the Federal Reserve’s 2% target rate. The Fed is still considered all but sure to boost its benchmark rate...
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