Inflation Cooldown, But Costs Still Bite | Bakersfield News

Inflation cooled slightly in July with a 0.1% monthly rise, thanks to falling energy prices—but the annual rate remains at 3.4%, still above the Fed’s 2% goal. Gas prices jumped 16 cents amid global shipping disruptions, while food and shelter costs continue to climb, squeezing real wages down 0.1% year-over-year. Relief is partial, but the cost of living still bites hard across the board. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5740c0b95e3f1ea8