US inflation remains elevated in July amid supply constraints

0 Comment(s)Print E-mail Xinhua, August 12, 2021

A man fuels his car at a gas station in New York, the United States, Aug. 11, 2021. On the economic front, the U.S. CPI, a measure on inflation, rose 0.5 percent in July for a 5.4-percent year-over-year gain, the Department of Labor reported Wednesday, roughly in line with market estimates. The so-called core CPI, which excludes energy and food, rose 0.3 percent last month for a 4.3-percent year-over-year increase, showed the report. (Xinhua/Wang Ying)

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