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July Inflation Report And Consumer Experience Don’t Add Up

Investors hailed last week’s Consumer Price Index (CPI) report as proof that the worst of inflation is behind us.

The index increased 8.5% in July from the same month a year ago, down from 9.1% in June.

Wall Street celebrated by pushing stock prices up.

I dug into the numbers. There does seem to be a reason to celebrate, but maybe not as much as we hoped.

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This post appeared first on Money & Markets, LLC.