US inflation cooled slightly to 3.4% in July but prices still elevated
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 3.4%, though prices still remain higher than levels seen before the war with Iran. Though inflation decreased 0.7 percentage points in June during a brief ceasefire between the US…
We haven't written up this one. The Guardian US has the full story — the link below goes straight to it.
