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Inflation Slows But Gas Prices Rise | Tulsa News
Wholesale inflation cooled last month as the producer price index rose just 4.7% year-over-year — down from 5.5% in June — with prices flat month-to-month. This follows similar easing in consumer inflation, though prices still outpace wages for four straight months. Gas prices are creeping back up, setting the stage for a potential inflation bump in next month’s report. The drop in wholesale costs was partly fueled by falling gas prices after the Iran war spike, and other expenses also eased — a hopeful sign that consumer inflation pressure may continue to ease. But don’t get too comfortable…
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