Inflation eases as consumer prices rise 6.3% in July

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Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve. See the latest economic numbers.

By PAUL WISEMAN, AP Economics Writer WASHINGTON — Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.

So-called core inflation, which excludes volatile food and energy prices, rose 4.6% last month from a year earlier, Commerce said.

 

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Inflation eases as consumer prices rise 6.3% in JulyInflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve. Still at a 40 year high. Eases?
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Democrats aren't out of the woods yet on energy pricesGas prices have been falling for over two months, but Democrats aren't out of the political woods on energy costs. Has anyone thanked Putin for ending his price hike? Well considering gas prices are still astronomically higher than 2020....yea, they gotta problem. Lower gas prices, more mean tweets! Drop in gas prices has NOTHING to do with Biden and NOTHING to do with Putin! Decrease in demand because Americans are not going and doing as much because of the excessive prices. Shrinking economy bringing down gas prices, not... Biden genius..non existent!!🤣🤣🤣
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