America In Focus: Inflation cools in July, but so do consumers with their spending

U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy

Frustrated US consumers cut their retail spending last month  CNN

China Inflation Cools More Than Expected in July  wsj.com

US consumer inflation mild in July, economy still not out of the woods  Reuters

Energy prices declined 1.5 percent in July but remain 14.7 percent higher compared with a year ago.

On Tuesday night, the president said, “Prices are dropping fast.” Reality clearly shows otherwise.

The government released the consumer price index for July as Americans contend with a tight labor market and elevated energy costs.

The Bureau of Labor Statistics will publish new consumer price index data. Allison Joyce/Bloomberg via Getty Images The Bureau of Labor Statistics will publish new consumer price index data at 8:30 a.m. ET. Economists expect inflation to have cooled modestly in July, with wage growth still falling short. There will be