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Inflation rate rose by 2.7% in July, CPI report shows
Food prices rose 2.7% on an annual basis last month, the same as the overall inflation rate. Items that have seen big cost increases since last July include eggs, which are up 16.4%; roasted coffee, up more than 14.8%; and ground beef, which is up 11.5%.
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The Consumer Price Index, which measures inflation, rose 2.7% on an annual basis in July, slightly cooler than forecasted.
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