US INFLATION – US inflation rate drops slightly to 8.5 pct.

Get real time updates directly on you device, subscribe now.

After reaching its highest level in four decades a month earlier, the United States’ inflation rate fell by six-tenths of a percentage point to 8.5 percent in July compared to the same month of last year.

The US Bureau of Labor Statistics, a unit of the Department of Labor, reported that result in an economic news release on Wednesday.