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Inflation continues to cool, July CPI in line with estimates

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The July Consumer Price Index report showed prices rose 0.2% from June, which was in line with estimates, and 2.9% from a year ago, which was slightly better than the Bloomberg consensus estimate of 3.0%. Stripping out the more volatile food and energy components, prices were up 0.2% from June and 3.2% year-over-year, both matching economist estimates.

Morning Brief anchors Seana Smith and Brad Smith discuss the breaking details.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.

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