Inflation eases as consumer prices rise 6.3% in July
Inflation eases as consumer prices rise 6.3% in July
WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
Consumer prices rose 6.3% in July from a year earlier after posting an annual increase of 6.8% in June, biggest jump since 1982, the Commerce Department reported Friday. Energy prices made the difference in July: They dropped last month after surging in…