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Is inflation finally on the decline in the US? It’s complicated

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Economists say inflation possibly hit its peak, and there are signs the pressures behind it are easing – but it’s hard to say what’s nextWhat goes up must come down. Right? Inflation has been soaring over the last year. But price rises in July were “just” 8.5% higher than what they were last July, down from a 9.1% yearly rate in June. Perhaps the worst is over?Americans have been feeling the hit at the gas pump, grocery stores, restaurants and when planning vacations. In response, the ...

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