https://www.mercurynews.com/2022/08/10/price-hikes-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, inflation was 0%, compared to the 1.3% increase in June. Prices began rising sharply in early 2021, with the rate of inflation almost doubling over the past year.