Inflation held steady in July

Inflation & Cost of Living - July inflation was stubborn, but not as bad as many economists expected [1] - Lower gas prices helped keep inflation under wraps, but strip out volatile food and energy prices, inflation was 31% [2] - Many companies have been absorbing tariffs, but higher costs are beginning to be seen for furniture, tools, shoes, pet supplies, and coffee [2] - The White House is celebrating today's numbers, calling inflation low and stable [2] - Over the past 5 years, car insurance is up 60%, housing 52%, and electricity up 38% [3] - Used cars and food are also up strongly [3] - Wages are up 24% [3] - The cost of living is still issue number one for American families [3]