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Consumer inflation likely to be another scorcher in July, economists say
Inflation in July is expected to be its hottest since the start of the coronavirus pandemic, suggesting that the sharp rise in consumer prices has reached its peak, economists say.
Economists expect to see an increase in the consumer price index of 0.5% for July, or a gain of 5.3% year over year, according to Dow Jones. That compares with a 0.9% jump in June, or 5.4% on a year-over-year basis, the biggest monthly increase since August 2008
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