News Summary: Cheaper gas keeps US prices flat

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PRICES FLAT: Consumer prices were unchanged in June, held down by cheaper gas. Outside the volatile food and energy categories, inflation was mild.

NO INFLATION: Weak economic growth is limiting the ability of companies to raise prices. The tame inflation picture was underscored by a 0.2 percent drop in consumer prices for the April-June period as a whole. That was the first quarterly drop in consumer prices in two years.

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