https://www.mercurynews.com/2022/08/10/runaway-consumer-prices-took-a-breather-in-july-fueling-hopes-that-inflation-has-peaked/ > Runaway inflation took a breather in July, with consumer prices increasing by 8.5% year over year, a slower pace than the 9.1% increase in June, the Bureau of Labor Statistics reported Wednesday. > On a month-to-month basis, prices held steady, compared to the 1.3% increase in June.