Western states facing inflation rate of 9.6% even as price increases show hint of slowdown.
A man shops at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.
The Labor Department reported that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.5% in July from a year ago, below the 9.1% year-over-year surge recorded in June. Prices were unchanged in the one-month period from June. Other states are also experiencing inflation that's well above the national average. Prices were up 9.5% in the South Atlantic, the region that encompasses Maryland, West Virginia, Virginia, North Carolina, South Carolina, Georgia and Florida.
Produce for sale at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.
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