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

Inflation remains at near four-decade high of 9.1% in July

Households braced for sharpest squeeze in living standards since early 1980s

Inflation remains at 9.1% in July, the highest rate in 38 years

The rise in transport costs has been led by diesel (up 44.8%), petrol (up 35.4%) and airfares (up 47.8%).

US inflation remained high, but eased in July

New figures from the United States show inflation still high in July, but easing from a month earlier. Consumer prices climbed 8.5 percent year-on-year, a slower pace than the 9.1 percent jump in June.

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

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.

Inflation drops to 8.5%, prices remain high in US stores

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 for months if not years.

Inflation Slows From 40-Year Peak, but Remains High

WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June.