Market Updates
Inflation Hovered Near 4-decade High Despite Fall In Energy Prices
Brian Turner
10 Aug, 2022
New York City
Consumer prices for good and services were flat in July on a monthly basis but remained elevated despite the decline in energy prices.
Consumer Price Index in July was flat from the previous month and rose 8.5% from a year ago, the Bureau of Labor Statistics said Wednesday.
Core index, which excludes volatile food and energy prices, rose 0.3% from the previous month and jumped 5.9% from a year ago in July.
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