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Inflation eases in July as gasoline and grocery prices fall
BusinessNPR Business12 Aug, 07:45 pmAtlasHour
Business

Inflation eases in July as gasoline and grocery prices fall

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.

Source-linkedAtlasHour DeskNPR Business12 Aug, 07:45 pm

What happened

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June.

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