Published 1 year ago

US inflation slips from 40-year peak but remains high 8.5%

Summary by Ground News

Consumer prices jumped 8.5% in July compared with a year earlier. That's down from a 9.1% year-over-year jump in June. On a monthly basis, prices were unchanged from June to July. Still, prices have risen across a wide range of goods and services, leaving most Americans worse off.

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Times of India

US inflation slips from 40-year peak but remains high at 8.5%

US News: WASHINGTON: Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed onl.

1 year ago·India

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BBC News

US inflation eases in July as petrol prices drop

US consumer prices rose at annual rate of 8.5% in July, more slowly than June as petrol prices fell

1 year ago·United Kingdom

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The Guardian

US inflation falls to 8.5% in July but still close to multi-decade high

Gas prices drop sharply after a hitting a national average of $5 a gallon in mid-June

1 year ago·London, United Kingdom

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The Hindu

US inflation slows from a 40-year peak but remains high

While there are signs that inflation may ease in the coming months, it will likely remain far above the Federal Reserve’s 2% annual target well into next year or even into 2024

1 year ago·India

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CTV News

U.S. inflation slips from 40-year peak but remains high 8.5 per cent

Falling gas prices gave Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from the four-decade high that was reached in June.

1 year ago

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