CPI read: Higher prices for footwear and baby clothes amid an overall dip in apparel prices

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CPI Concept with Shopping Basket on Blue Background — Consumer Price Index Symbol

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Apparel prices in the U.S. fell 0.2% in July compared to a year ago on an unadjusted basis. Overall, core inflation was up 3.1% year-over-year during the month, which was above the pace seen in June.

On a month-to-month comparison, apparel

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