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July CPI preview points to falling energy prices
The upcoming July CPI report is expected to show energy prices pulling lower, following recent volatility tied to the war with Iran, according to coverage from NYT Business and NYT Economy.
The articles describe how oil and gas prices have moved in step with the conflict, with prices rising and falling as developments evolved.
With energy a key component of CPI, the expected decline in July energy prices could shift how overall inflation prints in the report.
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