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That happened as the June consumer price index unexpectedly fell 0.1% from the previous month, reaching 3% on an annual basis, its lowest level in more than three years.Dow Jones economists estimate the inflation metric to grow 0.1% from May and 3.1% from the previous year. Core CPI, which excludes food and energy prices, increased 0.1% monthly and 3.3% year on year. These increases were likewise slightly lower than expected.