Home / Economy / How high is inflation and what causes it? What to know

Back

How high is inflation and what causes it? What to know

wsj

4 min read . Updated: 11 Aug 2022, 07:15 PM IST Gabriel T. Rubin, The Wall Street Journal

Inflation is one of the most vexing issues facing economists and government policy makers, and is a factor raising the risk of U.S. recession (Photo: HT) — Inflation is one of the most vexing issues facing economists and government policy makers, and is a factor raising the risk of U.S. recession (Photo: HT)

The consumer-price index eased slightly to 8.5% in July, close to a four-decade high, as strong demand collides with supply shortages

U.S. inflation eased slightly to 8.5% in July, but remained close to a four-decade high despite cooling energy prices.

×

Get alerts on WhatsApp

Set Preferences My Reads Watchlist Feedback Redeem a Gift Card Logout