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Consumer inflation in the United States declined in June, dropping to 3.5% year-over-year from 4.2% in May, with a monthly decrease of 0.4%. This slowdown was driven by falling energy and gasoline prices following the temporary ceasefire between Washington and Tehran, which led to a restart in oil tanker movements and a drop in crude oil prices. However, gasoline prices have risen again after the ceasefire collapsed, threatening a resurgence of inflationary pressures in the coming months, although core inflation remained steady at 2.6% annually.
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