July’s US consumer price index (CPI) has seen a rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off. Bloomberg-surveyed economists estimated that inflation would show an 8.7% annual increase this July, and a 0.2% increase compared to June. The inflation was expected to see a slower increase in July as petrol prices dropped across the country. However, it still remains close to 40-year highs....Read More: US Inflation Beats Estimates in July
