US inflation down to 8.5% in July - Breaking The News

US inflation down to 8.5% in July

10 August

1 min read

EPA-EFE/CRISTOBAL HERRERA

The annual inflation in the United States decreased to 8.5% in July, the Labor Statistics Bureau revealed in its report on Wednesday. Month on month, the Consumer Price Index (CPI) was unchanged compared to June.

The gasoline and energy indexes fell 7.7% and 4.6% in July. Meanwhile, the food index kept rising, gaining 1.1% monthly, while the food at home index increased by 1.3%.

The core CPI, which excludes food and energy, was up 5.9% in July on an annual basis. On a monthly basis, the figure grew 0.3% in July.

inflation data cpi

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