The personal consumption expenditures index showed that prices rose 0.2% from the previous month, according to the Commerce Department. On an annual basis, prices climbed 2.5%. Those figures are mostly in line with expectations.

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The Labor Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.{ai:summary}The personal consumption expenditures index reported a monthly price increase of 0.2% and an annual rise of 2.5%, consistent with expectations. Further updates are anticipated as the situation develops. #economy

Inflation measure closely watched by the Fed rises 2.5% in July

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