US inflation eases as food costs cool
- US prices rose 3.4% in the year to July, slightly lower than the 3.5% in the year to June, new figures show.
- Month to month, inflation rose 0.1%, mainly due to an increase in housing costs, the Bureau of Labor Statistics said.
- Even small moves in rent can lift the overall headline figure as it makes up a large share of household spending.
Unverified
- US prices rose 3.4% in the year to July, slightly lower than the 3.5% in the year to June, new figures show.
- Month to month, inflation rose 0.1%, mainly due to an increase in housing costs, the Bureau of Labor Statistics said.
- Even small moves in rent can lift the overall headline figure as it makes up a large share of household spending.
Sources: BBC News