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Inflation Shows Signs Of Slowing Down

heap of US Dollar bills, money background. Top view of business concept on background with copy space

Photo: Getty Images

Inflation is showing signs of slowing down - though prices are still going up. The latest data from the Commerce Department has consumer prices rising by 6.3% in the month of July - down from 6.8% in June. The biggest reason for the drop? Gas prices, which have been falling steadily for the last seven weeks.


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