US inflation is at a 13-year high

In July, consumer prices in the United States rose to 5.4 percent, the same as the previous month’s annual price increase. The market expected a slight decline in inflation, a 5.3 percent price increase, for July.

Compared to the previous month, consumer prices rose 0.5 percent in July, and the monthly price increase was 0.9 percent in the previous month. (MTI)