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U.S. inflation hits two-year low as rent prices decline

Inflation cooled significantly last month, representing arguably the most promising news for the housing industry since the Federal Reserve began instituting aggressive price control measures 16 months ago. But it’s just one report, and the Fed is likely to stay the course until signs point to a ‘break’ in the labor market, economists said.

After recording a 4.0% annual increase in May, the CPI rose just 3.0% year over year in June, before seasonal adjustment, according to data released Tuesday by the Bureau of Labor details ⇒

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