The latest data on the US inflation rate indicates that consumer prices increased by 4% from a year earlier, marking a decrease from April’s 4.9% and a significant drop from last June’s 40-year high of 9.1%. 
The Labor Department’s consumer price index reveals that this is the smallest yearly increase since March 2021. 
Additionally, on a monthly basis, prices saw a modest rise of 0.1% compared to April’s 0.4% increase. …
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