Higher prices have been the pandemic recovery's collateral damage, and the inflation jump isn't going away any time soon. In July, the pace of consumer price inflation slowed some, but it still remained elevated.
Mandatory Credit:	Justin Sullivan/Getty Images

Higher prices have been the pandemic recovery's collateral damage, and the inflation jump isn't going away any time soon. In July, the pace of consumer price inflation slowed some, but it still remained elevated.
Mandatory Credit: Justin Sullivan/Getty Images

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Inflation moderated in July but prices are still rising in America

Higher prices have been the pandemic recovery's collateral damage. Even though Washington insists higher inflation may just be temporary, America's prices keep rising — albeit at a slightly slower pace.