America's prices continue to rise without any end in sight

The collateral damage of the pandemic recovery has been higher prices. And the inflation spike is not going away anytime soon.

The pace of inflation in consumer prices slowed a bit in July, but it remained high.
Consumer prices increased 4.3% in the 12 months ended July after excluding volatile foods and energy items. This is slightly less than the June increase. Overall, prices rose 5.4% over the period, flat compared with June, the Bureau of Labor Statistics reported Wednesday.
Adjusted for seasonal swings and prices increased 0.5% overall and 0.3% when you exclude food and energy items. This represents a slowdown in both the economic and financial fronts.