Today’s Consumer Price Index (CPI) report shows prices rose 0.1% in July and are up 3.4% over the past year. July’s price increase reverses the disinflation seen in June, which was built on a short-lived ceasefire that quickly unraveled. Nearly six months into his war with Iran, the president has fa...

U.S. consumer inflation slowed slightly to 3.4% on an annual basis in July despite unstable oil prices due to the Iran war, official data showed on...

Inflation has been pushed higher by a series of shocks to the economy.