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U.S. consumer inflation remains soft in July, CPI shows

U.S. consumer prices remained soft for the fifth straight month in July, raising more questions about whether inflation will eventually rise to hit the Federal Reserve’s 2% annual rate target.

The consumer price index rose a seasonally adjusted 0.1% in July, the Labor Department said Friday.
Food prices rose 0.2% in July while energy prices slipped 0.1%.

The core CPI, which excludes volatile food and energy costs, also rose 0.1%.

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