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Wall Street retreats from record highs, US inflation surges in June as demand for used cars jumps – ABC News

US stocks pull back from record highs as the US sees the biggest jump in consumer inflation in 13 years — the North American…

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US inflation increased in June at its fastest pace in 13 years amid high demand for used cars and trucks, and rises in food and energy costs. 
Key points:

  • US consumer prices rise in june by the most since 2008
  • The S&P 500 fell 0.4pc to 4,369, the Dow Jones…

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