Overall prices rose 0.3% from July—lower than the 0.4% increase economists were expecting.
released Tuesday by the Labor Department, marking the first monthly decline since the beginning of the pandemic and one of the first signs pandemic-induced price spikes may finally be peaking.... [+]Overall prices rose 0.3% from July—lower than the 0.4% increase economists were expecting, while the core price index, which excludes volatile energy and food prices, rose 0.1%—its smallest increase since February.July’s increase of 5.
once industries hardest hit by the pandemic, such as transportation and travel, readjust to higher consumer demand.
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