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August 11, 2022
The producer price index, which gauges the prices received for final demand products, rose on an annual basis by 9.8%, the lowest rate since October 2021.
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Inflation in the United States fell to 8.5% in July largely because of falling gas and energy prices, suggesting that prices will continue to decline. The figure is down from the 9.1% reached in June, the highest figure since 1981. Inflation between June and July remained stable (0.0). The largest increases compared to last year...
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