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Venezuela's inflation rises to 63.4%

Venezuela's central bank publishes long-awaited figures showing annual inflation has reached a six-year high at 63.4%, the highest in the region.

US consumer inflation hit an annual rate of 1.8% in June as clothing, petrol and services costs all increased.

China's inflation rate rose by more than expected in June, increasing to 2.7% from 2.1% the month before.

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