Inflation moderated in July but prices are still rising in America
CNN
Higher prices have been the pandemic recovery's collateral damage. Even though Washington insists higher inflation may just be temporary, America's prices keep rising — albeit at a slightly slower pace.
The pace of consumer price inflation slowed some in July, but it still remained elevated, the Bureau of Labor Statistics reported Wednesday. While some of the culprits of the past months' inflation spikes, such as used car prices, came back down to earth in July, prices for other items, including food both in grocery stores and at restaurants, went through the roof.
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