Annual inflation in the United States slowed slightly as falling gas and energy prices in July provided Americans some relief. Still, higher food and shelter costs kept consumer prices near a four decades high, according to U.S. government data released Wednesday, Aug. 10.
While gasoline prices dropped nearly 8% last month, they are stubbornly high compared to a year ago, as are pricing hikes for food which ran the quickest since 1979. Continue reading Inflation Slows to 8.5% as Gas Prices Fall in July