The overall inflation rate fell to just 2.9% in July from the nearly 9% pace set in June 2022. It was the first time that the annual pace ... at least a quarter of a percentage point at their ...

Both figures exceeded Dow Jones estimates of 0.3% monthly growth and a 2.9% annual increase. The yearly inflation rate also ticked up 0.1 percentage point from December. Excluding food and energy ...