NewzAccording to data released Wednesday by the Bureau of Labor Statistics (BLS), U.S. inflation ticked down slightly in July. The consumer price index (CPI) increased by 0.1 percent last month.
With this monthly change, the annual inflation rate declined to 3.4 percent, dropping from the 3.5 percent rate recorded in June.
This economic update coincides with ongoing geopolitical developments, occurring amid the resumption of military strikes between the United States and Iran as the conflict continues.
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