Inflation stayed high in July, with U.S. consumer prices rising 5.4% from a year earlier as the economic recovery gained steam
Inflation remained elevated in July, as the economy continued to rebound amid pandemic-related shortages of labor and supplies.in July from a year earlier, the same pace as in June and the highest 12-month rate since 2008.
The CPI climbed a seasonally adjusted 0.5% in July from June, a slightly cooler pace than its 0.9% increase in June from May. The index measures what consumers pay for goods and services, including groceries, clothes, restaurant meals, recreation and vehicles. The so-called core price index, which excludes the often volatile categories of food and energy, increased 4.3% from a year before.seasonally adjusted annual rate in the second quarter, powered by consumer spending that climbed at an 11.
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