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Inflation eases in July as gasoline and grocery prices fall

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.

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Source: NPR News
Falling grocery prices helped to keep inflation in check last month. Lettuce prices dropped sharply in July after an outbreak of food-borne illness prompted a recall of some leafy greens.

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.

(Image credit: Justin Sullivan)

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Originally published at

NPR News

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