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Fed's preferred inflation reading shows prices jump 3.5% annually

FOXBusiness
 2021-07-30

Cover picture for the articleThe core personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, accelerated in June by the most on an annual basis in almost three decades. Core PCE, which excludes food and energy, increased 3.5% year over year in June, according to the Bureau of Economic Analysis. The reading,...

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