Breaking News: U.S. inflation slowed to 8.5 percent in the year through July, a reprieve but not a conclusive sign that price increases have turned a corner. - HOT AIR BALLOON FLIGHT

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Breaking News: U.S. inflation slowed to 8.5 percent in the year through July, a reprieve but not a conclusive sign that price increases have turned a corner.

BREAKING NEWS

U.S. inflation slowed to 8.5 percent in the year through July, a reprieve but not a conclusive sign that price increases have turned a corner.

Wednesday, August 10, 2022 8:42 AM ET

After stripping out food and fuel costs to get a sense of underlying price pressures, prices climbed by 5.9 percent through July, matching the previous reading.

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