The pace of U.S. inflation slowed in July for the first time in months. See the potential bias and similarities in coverage from cnbc, cnnbusiness and foxbusiness:
and 9.1% over the previous year, which set a new 40-year record. Economists surveyed by Refinitiv expected annual inflation to rise 8.7% headline and monthly inflation to climb 0.2% in July.than they were a year ago. Food prices rose 1.1% from June to July, and are up 11% from a year prior. The"food at home" index rose 13.1% over the last 12 months, the largest annual increase since March 1979.
and highlighted how inflation rose less than expected between June and July. CNN Business said months of high inflation"pose a growing challenge for the Federal Reserve." Fox Business said Wednesday's report is"a welcoming sign for the Federal Reserve as it seeks to cool price gains and tame consumer demand."
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