July annualized CPI inflation down to 8.5% as gas prices drop
At 8.5%, July 2021 to 2022 inflation is still high but it’s down from June’s 9.1% peak, and a welcome sign of moving in the right direction
At 8.5%, July 2021 to 2022 inflation is still high but it’s down from June’s 9.1% peak, and a welcome sign of moving in the right direction
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– Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit