US inflation slowed slightly in July, with the Consumer Price Index rising by 0.2% on a seasonally adjusted basis. The report indicates that core inflation, which excludes volatile food and energy prices, rose 0.3% in July, remaining within a manageable range for policymakers and consumers. Meanwhile, energy prices made a significant downward move, with gasoline prices dropping 2.2 percent in July, nearly 10 percent lower than they were last year. Wage growth also continued to paint a positive picture for American workers, with real wages increasing by 1.3% compared to last year.
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