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Inflation Slows, But So What?

The government reported that consumer prices rose 8.5% in July from one year ago. That sounds bad, but economists note it's actually a slowing pace from the previous month and a sign that inflation may be easing. Gas prices also dipped below $4 on average this week for the first time in months. But before you celebrate the brightening economic news, there are quite a few caveats about the future. These stories will help you make sense of it all.

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Inflation Slows, But So What?
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    The Latest on Inflation

    Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit

    Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit

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    CNBC - Jeff Cox

    Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely …

    Inflation is finally slowing down. Will things get cheaper?

    Inflation is finally slowing down. Will things get cheaper?

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    Vox - Madeleine Ngo

    Inflation is on the way down: New data released Wednesday showed that prices rose 8.5 percent from a year ago, but that’s an improvement from June, when prices climbed 9.1 percent. The monthly inflation rate was also flat, meaning that overall, prices didn’t pick up from June. The slowdown last month …

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