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Wednesday, Jul 2, 2025

July Inflation Jumps on High Gas Prices

Consumer prices rose in July, reflecting higher prices for gasoline and other energy products while output at the nation’s factories, mines and utilities slowed sharply.


The Federal Reserve reported that industrial production rose just 0.1 percent last, the weakest showing in three months. Output increases at factories and utilities slowed after big gains in June while mining output actually fell.


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