Americans paid less for goods and services in July versus June but inflation remained near a 13-year high on an annual basis, according to government data released Wednesday, August 11.
The pace of pricing increases rose virtually across the board from a year ago. Compared to the inflation report released a month earlier, annual levels eased just a tad for energy while prices ticked a percent higher for food. Continue reading U.S. Consumer Price Gains Slow in July; Annual Inflation Remains Near 13-Year High