US inflation at 13-year hig: July consumer prices jump 5.4%
KEY POINTS Prices that Americans pay for everyday goods and services accelerated in July, but about where economists had expected. Excluding energy and food, CPI rose by 0.3% last month, shy of economist expectations of a 0.4% increase and well below June’s rise of 0.9%. Used car prices, which rose rapidly between April and June, gained just 0.2% in July after a climb of more than 10% in the prior month. Prices that Americans pay for everyday goods and services rose in July as pent-up demand for travel and restaurants kept inflation hot, but jumped about as much as […]