U.S. Inflation Slips From 40-Year Peak But Remains High At 8.5%

U.S. Inflation Slips From 40-Year Peak But Remains High At 8.5%

Newsy

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Watch VideoFalling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June.

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1%...

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