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News In Brief

US 2nd-quarter GNP hums while rise in inflation eases

The economy grew at a rapid 7.6 percent annual rate during the last quarter, according to revised figures on gross national product, while inflation remained in check, the government reported Monday.

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The inflation rate, as measured by the GNP price deflator, was put at 3.2 percent in the second quarter, down from a 4.4 percent rate in the first three months of the year.

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