US: Inflationary Pressures Remain Subdued in July

- The Consumer Price Index (CPI) rose by 0.1% month-on-month (m/m) in July – in line with expectations. On a twelve-month basis, CPI edged down to 3.4% (from 3.5% in June).
- Energy costs fell by 1.5% m/m, led by a 2.9% m/m decline in price
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