A month before, prices rose 6.8%, the highest jump since the 1980s. But July’s numbers indicate inflationary pressures could be easing in the U.S.
WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.
According to Commerce Department report Friday that is closely watched by the Federal Reserve, consumer prices rose 6.3% in July from a year earlier after posting an annual increase of 6.8% in June, biggest jump since 1982. Energy prices made the difference in July: They dropped last month after surging in June.
So-called core inflation, which excludes volatile food
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