US inflation eased in July as energy prices fell, causing annual price growth to slow to 3.4 percent.
The consumer price index rose 0.1 percent on a seasonally adjusted basis in July, after declining 0.4 percent in June, according to data released by the US Bureau of Labor Statistics.
On an annual basis, the all-items index increased 3.4 percent in July, down from 3.5 percent in June.
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