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Headline inflation ticks up in June, but overall inflation still low

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The Consumer Price Index increased by 0.5 percent in June, the Bureau of Labor Statistics reported Tuesday, meaning that inflation gained for the second month after falling in March and April. Total CPI inflation has been 1.8 percent for the past 12 months. Rising gas prices accounted for two-thirds of the month’s inflation, rising by 6.3 percent in June. Otherwise, prices rose modestly in most...

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