inflation, consumer prices
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CPI, Fed
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The consumer price index rose 3.5% in June from a year earlier, a deceleration after several months of upward moves.
By Lucia Mutikani WASHINGTON, July 14 (Reuters) - U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase from the Federal Reserve this year off the table against the backdrop of renewed conflict in the Middle East.
New June inflation forecast points to easing energy and food prices, while healthcare, education, housing and other services continue to slow the final leg back to target. ZURICH,
Gold and silver rebound after softer US inflation data, but rising oil prices and Middle East risks may revive inflation concerns and limit further gains.
The consumer price index jumped 4.2% in May versus a year earlier, its highest level in more than three years, according to the U.S. Bureau of Labor Statistics. Gasoline and other energy prices surged as the Iran war continued to disrupt oil supplies flowing through the Strait of Hormuz,
