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Fed's inflation target elusive as July consumer prices up only 0.1%

Policymakers have twin goals of maximum sustainable employment and inflation of around 2 per cent

Excluding food and fuel, costs also rose less than projected in July.


THE cost of living in the US rose in July at the slowest pace in three months, casting doubt on how quickly inflation will return towards the Federal Reserve's goal.

The consumer price index climbed 0.1 per cent after a 0.3 per cent gain the month before, a Labor

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