US inflation cooled slightly to 3.4% in July but prices still elevated

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Source: Guardian Australia
Published: 2026-08-12 22:39 UTC+10:00
Section: US economy
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, Economy & Finance, Business & Economy, War & Conflict
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Snippet:
Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war
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