THENATIONALPULSE (Pulse Wires) - Inflation Cools for Second Month in a Row.
Inflation has eased for the second consecutive month since May, according to a new Consumer Price Index (CPI) report.
Inflation has cooled for the second consecutive month since May, although rising energy costs triggered by the outbreak of the Iran war and related geopolitical tensions continue to pose economic challenges. PULSE POINTS WHAT HAPPENED: - DETAIL: According to the Bureau of Labor Statistics, inflation rose at an annual rate of 3.4 percent in July. This represents a decline from May, which saw inflation hit a three-year high at 4.2 percent. This was primarily due to the rise in oil prices resulting from the outbreak of the Iran war in late February. According to the Consumer Price Index (CPI), which tracks the average cost of basic goods and services, core CPI, which excludes food and energy, also slowed to 2.5 percent, down from 2.6…Open