Advertisement

US inflation eases in July as petrol prices drop

Prices in the US continued to rise rapidly last month, but a fall in petrol costs helped to ease the pace.
 
The Labor Department said the annual inflation rate was 8.5% in July, down from June when it surged to 9.1%. 
 
Aside from energy, costs for many items, including groceries and housing, continued to climb.


comments powered by Disqus
Most Popular
TAJ employee charged in multi-million dollar...
Earthquake rattles sections of Jamaica
Stocks: Paramount Trading leads today's 27...