Prices rose more slowly in the Northeast in July than the rest of the nation, helped by slowing housing costs, the U.S. Department of Labor reported Wednesday.
The Labor Department reported the consumer-price index rose 8.5% in July from the same month a year ago, down from 9.1% in June, which marked the fastest inflationary pace since November 1981.
In the Northeast, prices rose 7.3% in July, or 1.2 percentage points less than the rest of the country. Price changes varied among different items.
