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Inflation cools more than expected in June as gas costs fall, underlying prices ease

WASHINGTON (AP) — U. S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled more than expected. Prices dropped 0. 4% in June from May, the largest monthly drop in four years, the Labor Department said Tuesday. On a yearly basis, inflation declined to 3. 5%, down from a year-over-year gain of 4. 2% in May and lower than many economists expected. Yet oil prices rose for a second day as the...

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