
US inflation eased in August. But America's not out of the woods yet
CNN
Inflation took a breather in August, coming down from a 13-year high. Still, price increases remain uncomfortably high compared to before the pandemic.
Consumer prices rose 5.3% in the year ended in August, slightly less than the 5.4% increase in June and July, the Bureau of Labor Statistics said Tuesday. Stripping out more volatile items like food and energy, prices rose by 4%, also a smaller increase than in July. For the month of August alone, consumer prices rose 0.3% adjusted for seasonal swings. It was the second straight month in which the inflation rate fell slightly. Without food and energy, prices rose 0.1% for the month, the smallest increase since February.More Related News

The two men killed as they floated holding onto their capsized boat in a secondary strike against a suspected drug vessel in early September did not appear to have radio or other communications devices, the top military official overseeing the strike told lawmakers on Thursday, according to two sources with direct knowledge of his congressional briefings.












