8/10, 2:30 PM (Source: TeleTrader)
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US inflation down to 8.5% in July

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.

Baha Breaking News (BBN) / JG