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United States: no bad surprises on the inflation side

(AOF) – The inflation rate in the United States in July rose to 5.4% year-on-year, as in June when it was expected at 5.3%. Underlying inflation, known as “core”, i.e. adjusted for the most volatile elements (food, energy, etc.), for its part came out at 4.3%, perfectly in line with the consensus (after 4.5% in June). This is the most closely watched price increase indicator from the Fed.

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