US consumer inflation slows in July as energy prices briefly retreat

Energy prices declined 1.5 percent in July but remain 14.7 percent higher compared with a year ago.

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CNBC World•

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%.

Brief by WorldPing · Original reporting by CNBC World

WorldPing

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•

AI’s costly build-out complicates the Fed’s inflation fight

Tech leaders say AI will drive down costs. But slow corporate adoption and the data center build-out create inflation pressures that complicate the Fed’s job.

Brief by WorldPing · Original reporting by CNBC World

WorldPing

The Guardian•

Coalition plan to scrap energy rules for new houses condemned as ‘cost-of-living timebomb’

Proposal to cut building costs by scrapping the construction code would increase bills for the poorest households, critics say Get our breaking news email , free app or daily news podcast A Coalition plan to abolish compulsory energy standards for ne…

Brief by WorldPing · Original reporting by The Guardian

WorldPing

BBC News•

US inflation eases as food and fuel costs cool

Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.

Brief by WorldPing · Original reporting by BBC News

CNBC World•

India’s inflation accelerates to 4.45% in July, raising hopes of a rate hike later this year

India's inflation rises for the ninth month in a row, raising the odds in favor of a rate hike later this year.

Brief by WorldPing · Original reporting by CNBC World