(John Carney – Breitbart) Inflation in the United States rose at 8.5 percent in July compared with a year earlier, the Department of Labor said Wednesday.
Compared with a month earlier, the Bureau of Labor Statistics’ Consumer Price Index was flat with the month prior.
Economists had expected CPI to rise at an annual rate of 8.7 percent, down from 9.1 percent in June. They expected a month-over-month increase of 0.2 percent, a sharp decline from the 1.1 percent recorded in June. Continue reading