A benchmark measure of inflation slowed in July after surging in the previous month. Pictured is a Walmart store on August 04, in Rohnert Park, California. The retail giant recently issued a rare profit warning.
Mandatory Credit:	Justin Sullivan/Getty Images

A benchmark measure of inflation slowed in July after surging in the previous month. Pictured is a Walmart store on August 04, in Rohnert Park, California. The retail giant recently issued a rare profit warning.
Mandatory Credit: Justin Sullivan/Getty Images

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This key inflation measure fell, but remains painfully high

A benchmark measure of inflation slowed in July after surging in the previous month, offering a glimmer of hope that the painful inflation Americans are facing could moderate in the coming months.