Inflation cooled last month as gas prices fell, though costs remain elevated
WASHINGTON (AP) — U. S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy. Consumer prices rose 3. 4% in July from a year ago, down slightly from 3. 5% in June, the Labor Department said Wednesday. But inflation is still higher than before the Iran war began in February, when it was 2. 4%. On a monthly basis, prices rose just 0. 1% from to...
Read MoreWed, 12 Aug 2026
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- Judge again bars Trump administration from implementing order that sought to limit mail voting
- 3 states are set to hold executions on the same day, a first in the US since 2010
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- Democratic Arizona Gov. Katie Hobbs chooses former Republican Mayor John Giles as her running mate
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- Trump used elaborate ruse to fly out of Turkey following summit because of Iran threat, report says
- Trump told Ukraine it had no cards. Then Kyiv took the war to Russia
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- What we know about the death of Tasia Fortune in Mississippi
- Canada puts the military on standby as British Columbia wildfires kill 1 and displace thousands
- Todd Blanche is sworn in as attorney general after bruising confirmation fight
- Trump officials propose new requirements for food additives and ingredients
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- Contiguous US breaks its record for hottest month ever, NOAA says
- Washington grapples with a National Guard deployment extended until 2029
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- Ukrainian drone attack on an oil hub deep inside Russia kills 13, officials say
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- El-Sayed spoke with Obama as Michigan Democrats look to unite after a bitter Senate primary
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- Nagasaki marks 81st atomic bomb anniversary as mayor says nuclear deterrence only increases risk
- Myanmar rebuffs ASEAN call to free Aung San Suu Kyi, questions need for envoy
- As the world rediscovers The Odyssey, disabled actors in Greece explore the pain of war
- Wildfires force 20,000 to flee as British Columbia declares state of emergency
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- Darline Graham tests value of a famous name vs. lack of experience in South Carolina primary
- A 12-year-old girl dies after Thailand school shooting, bringing the death toll to at least 8
- Todd Blanche is narrowly confirmed as Trumps attorney general in an overnight Senate vote
- Trump goes unmentioned but not ignored as Clinton, Bush and Obama step up as essayists on presidents
- Berkshire Hathaways new CEO Greg Abel spends a chunk of the companys massive cashpile
- Zelenskyy visits Moscow-friendly Serbia as Russian attacks on Kyiv region kill 4
- Hunter Biden says his fathers prostate cancer is causing him pain even as he continues to speak out
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- Senate approves funding bill to avoid a shutdown before the election
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- Eastern China braces for Typhoon Dolphin, shutting schools and tourist activities
- A New Mexico judge ordered new child safeguards for Meta. Advocates hope other courts follow
- What to know about Trumps new attempt to limit birthright citizenship
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- Trump administration moves ahead with efforts to fire Federal Reserve governor Lisa Cook
- Turkey, Pakistan and Saudi Arabia sign a mutual defense deal, and other Middle East news
- Appeals court rules Trump cant build White House ballroom without congressional approval
- US stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes that rate hikes can wait
- Senate passes sweeping Russia sanctions bill negotiated by the late Sen. Lindsey Graham
- Senate confirms Hamilton to lead FEMA and clears more than 70 other Trump nominees
- New video shows gunman shooting victims at Idaho In-N-Out Burger drive-thru
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- US job market stalled in July as employers cut 23,000 jobs, delivering political setback to Trump
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- Amanda Knox defends her comedy show at Edinburgh festival as honoring her murdered former roommate
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- Preakness shifting back to three weeks and a day after the Kentucky Derby, to be run on a Sunday
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- 4 men stabbed in central London and woman arrested in what police believe was mental health incident
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