Consumer Prices Slow In July

Consumer prices indicate a potential peak in inflation as core CPI rose four point three percent on a year over year basis in July compared to a four-point five percent rise year over year in June. The U.S. Labor Department cited supply chain disruptions, possibly concluding their passage through the economy as a critical contributor to the slowdown in prices. Still, it noted that consumer prices overall remain at a 13 year high on an annual basis.