Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%

The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.

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NPR Top•

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.

Brief by WorldPing · Original reporting by NPR Top

CNBC World•

Solar eclipse drives Europe hotel prices to over $1,000 a night

Eclipse demand pushed some Spain and Iceland stays above $1,000 a night, while Iceland hotels cut prices sharply closer to Aug. 12.

Brief by WorldPing · Original reporting by CNBC World

WorldPing

CoinDesk•

U.S. CPI inflation slows to 3.4% as expected, bitcoin holds near $64,000

Both headline and core inflation matched economists’ expectations, while bitcoin held near $64,000 and Treasury yields declined.

Brief by WorldPing · Original reporting by CoinDesk

WorldPing

The Guardian•

US inflation cooled slightly to 3.4% in July but prices still elevated

Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war US consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.

Brief by WorldPing · Original reporting by The Guardian