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U.S. Consumer Price Growth Cools, Smallest Gain in Seven Months

  • CPI rose 0.3% in August from month earlier, trailing estimate
  • Miss reflected declines in used cars, airfares, car insurance
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U.S. Consumer Prices Increase Less Than Forecast in August
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Prices paid by U.S. consumers rose in August by less than forecast, snapping a string of hefty gains and suggesting that some of the upward pressure on inflation is beginning to wane.