Inflation slows from 40-year peak, remains high

Inflation slows from 40-year peak, remains high

(NewsNation) — Falling prices gave Americans a small break from high inflation in July, though the surge in overall prices slowed only modestly from the four-decade high it reached in June.
Inflation slowed to a still-high 8.5% compared with a year earlier, the Bureau of Labor Statistics reported Wednesday. This is a slowdown from June’s figure of 9.1%. On a monthly basis, prices were unchanged…

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