Inflation fell for fifth month in a row to 2.5% in August, clearing way for Fed easing

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Inflation fell four-tenths of a percentage point to 2.5% for the year in August, the Bureau of Labor Statistics reported Wednesday, marking five months of disinflation and providing good news for Vice President Kamala Harris as she campaigns for president.

Economists had expected that inflation would fall from 2.9% to 2.6%.

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