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News Wrap: August inflation report shows consumer prices up 3.4%

World 1 source 1 country 🔦 Under-reported 1h ago

The U.S. Labor Department reported on Friday that consumer prices increased by 3.4 percent in August compared to the same period last year. This inflation data has prompted market speculation regarding potential interest rate hikes by the Federal Reserve.

In addition to the economic report, U.S. health officials announced the conclusion of a cyclospora outbreak. Meanwhile, British officials provided updates on international developments.

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