The Inflation Rate For July Comes In at 8.5% (8/11/22)
The inflation rate ticked down .6 % in the month of July, mainly on the back of gas prices decreasing nationwide. However, there are many other concerning factors still at play and with the price of food and rent still skyrocketing, a rocky road may still lay ahead.
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source:
https://nypost.com/2022/08/10/inflation-surges-8-5-in-july-stoking-fears-of-stiff-rate-hike/