is set to hit a four-decade high of 8.8 per cent when the latest figures are released on today, although there are hopes that the real figure has already peaked, with gas prices coming down in July. aides have downplayed the record-busting figures expected for Wednesday's , because the CPI numbers will not take into account tumbling gas prices.'June CPI data is already out of date,' White House Press Secretary Karine Jean-Pierre declared during Monday's press briefing, since the latest figures are usually published a month after the period they reflect.
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