Consumer prices were 5.6 percent higher in July than a year ago, all but assuring that the Fed will keep interest rates on hold.

Consumer prices rise at double the expected rate
Consumer prices shot up in July at twice the expected rate, pushed higher by surging energy and food costs. The latest surge left inflation running at the fastest pace in 17 years.
Inflation eases to 5.4% as consumer prices fall 0.1%
Inflation eased to 5.4% in the past year, as consumer prices declined 0.1% in August and marked the first decline in nearly two years, according to a Labor Department report released Tuesday.
European Banks Leave Key Rates Unchanged
Both the European Central Bank and the Bank of England kept their key interest rates unchanged Thursday amid concerns of high inflation and a slowing economy.
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