Inflation Eases as Consumer Prices Rise 6.3 Percent in July: Commerce Department Report

WASHINGTON—Inflation eased past period arsenic vigor prices tumbled, raising hopes that a surge successful prices increases whitethorn person peaked. According to Commerce Department study Friday that is intimately watched by the Federal Reserve, user prices roseate 6.3 percent successful July from a twelvemonth earlier aft posting an yearly summation of 6.8 percent successful June, biggest leap since 1982. Energy prices made the quality successful July: They dropped p...