EconomyInflation cooled last month as gas prices fell, though costs remain elevated
U.S. inflation slowed last month, while a measure of underlying price pressures also eased. The figures suggest that higher oil and gas prices linked to the Iran war are having only a limited effect on broader costs across the economy. Even so, overall costs remain elevated, leaving price pressures at a high level.
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The Associated Press★★★☆☆2026-08-12 12:55Original
Inflation cooled last month as gas prices fell, though costs remain elevated
Economy