US inflation likely increased in July

By Associated Press

Aug 11, 2023 12:15 am

WASHINGTON, D.C.: Inflation in the United States likely rose in July for the first time in 12 months, driven higher by more expensive gasoline and suggesting that the fight against rising prices may prove bumpier in the months ahead.

The inflation report the government will issue on Thursday is expected to show that consumer prices increased 3.3 percent from 12 months earlier. That would mark an uptick from a 3-percent year-over-year increase in June.

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