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Key inflation measure hits new record high — yet again
CNN
Another key inflation index soared to new highs as the supply-demand mismatch continues.
Producer price inflation, which measures the prices US producers receive for their goods and services, rose 7.8% over the 12 months ended in July. That was more than economists had expected and marked a new record high since the Bureau of Labor Statistics first began calculating the index in November 2010. Yet on Wednesday, another report showed consumer prices moderated in July — albeit holding at a 13-year high over the 12-month period.More Related News

Los Angeles man dies in jail while awaiting trial for killing and dismemberment of wife, her parents
A Los Angeles man accused of killing and dismembering his wife, her mother and her stepfather has died in jail while awaiting trial, authorities said Monday.

A slew of Democratic-led states asked a federal court on Monday to lift the Trump administration’s freeze on nearly $7 billion in public education money, accusing the Department of Education of unlawfully locking up critical funds Congress set aside to help low-income and immigrant students, among others.