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Higher gasoline prices, rent boost cost of living in July, CPI shows, but inflation still mild

Jeffry Bartash
Higher gasoline prices, rent boost cost of living in July, CPI shows, but inflation still mild

American households paid more in July for goods and services such as gasoline and rent to nudge inflation higher, but not enough to arouse any worries or discourage the Federal Reserve from cutting interest rates again soon. The consumer price index rose 0.3% in July