Good News? Prices Up 8.5% As Inflation Continues To Soar

Inflation Still High, But Less Than Feared In Fed Report

  • Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit.
  • The consumer price index, a measure of inflation, was expected to rise 8.7% in July from a year ago. Core inflation excluding food and energy was forecast to increase 6.1%.

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