Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war US consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.4%, though prices still remain higher than levels seen before the war with Iran. Though inflation decreased 0.7% in June during a brief ceasefire between the US and Iran that brought energy prices down, consumer prices have remained elevated. Price increases hit a three-year high

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• Guardian Business left

  Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war US consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.4%, though prices still remain higher than levels seen before the war with Iran. Though inflation decreased 0.7% in June during a brief ceasefire between the US and Iran that brought energy prices down, consumer prices have remained elevated. Price increases hit a three-year high
• CoinDesk

  U.S. CPI inflation slows to 3.4% as expected, bitcoin (BTC) holds near $64,000
• CNN left

  US inflation slowed for the second month in a row as gas prices delivered less of a bite. However, some cost-of-living concerns persist. https://cnn.it/3S5JEd9
• The Hill center

  Inflation ticked down slightly in July, amid the resumption of strikes between the U.S. and Iran. The consumer price index (CPI) increased 0.1 percent last month, according to data released Wednesday by the Bureau of Labor Statistics (BLS). The annual inflation rate declined to 3.4 percent, down from 3.5 percent in June. Both tallies landed…
• Yahoo Finance

  Inflation growth eased slightly in July, even though recent re-escalations in the war with Iran have sparked oil price volatility. https://yhoo.it/4fSgfwl
• Bloomberg center

  The US consumer price index rose by 0.2% which was bang in line with forecasts. Prices rose by 2.5% from a year earlier, matching the slowest pace since March 2021. Energy, gas and grocery prices all fell on the month. This likely eases pressure on the Federal Reserve to raise interest rates. Michael McKee reports. (Source: Bloomberg)