Runaway consumer prices took a breather in July. A woman shops for groceries on July 29 in Arlington, Virginia.
Mandatory Credit: Olivier Douliery/AFP/Getty Images
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Price hikes took a breather in July, fueling hopes that inflation has peaked
Runaway inflation took a breather in July, with consumer prices increasing by 8.5% year over year, a slower pace than the 9.1% increase in June, the Bureau of Labor Statistics reported Wednesday.
