Inflation eased more than expected in June, CPI report shows

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US consumer inflation slowed more than expected in June, according to the latest CPI report. This decline was primarily driven by lower gasoline prices, contrasting with the previous month when fuel costs pushed inflation to its highest rate in years. While the overall inflation rate fell at one of the fastest paces in recent history, many other household costs remained stubbornly high, offsetting some of the gains seen from the reduction in energy prices.
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