High Alert
The Guardian

US inflation cooled slightly to 3.4% in July but prices still elevated

US inflation cooled slightly to 3.4% in July but prices still elevatedWorldPing

Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war US consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.

This is a short WorldPing brief. The full report was published by The Guardian.

Read the full report at The Guardian

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Inflation eases in July as gasoline and grocery prices fall

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.

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BBC News

US inflation eases as food costs cool

Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.

Brief by WorldPing · Original reporting by BBC News