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Inflation slows more than expected in June

Inflation slows more than expected in June

Inflation slows more than expected in June 150 150 admin

Labor Department data released Thursday showed the annual inflation rate cooled from 3.3% in May to 3% in June. That’s lower than the 3.1% rate some economists had projected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to unpack the report.
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