WASHINGTON, Aug 11 (Reuters) – U.S. consumer price increases slowed in July but inflation overall remained historically high amid continued supply-chain disruptions and stronger demand for travel-related services as economic activity rebounded.
The consumer price index increased 0.5% last month after climbing 0.9% in June, the Labor Department said on Wednesday.
In the 12 months through July, the CPI advanced 5.4%. Excluding the volatile food and energy components, the CPI rose…
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