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US inflation ticks higher in July on housing costs

2023-08-10 22:50
The rate of price growth rose to 3.2% in July but analysts said the underlying picture showed progress.
US inflation ticks higher in July on housing costs

Prices continued to rise in the US last month, despite a sharp increase in interest rates to stamp out inflation.

The rate of inflation was 3.2% over the year to July, driven by higher housing, car insurance and food costs, the Labor Department said.

That was up from 3% in June, which was...