Inflation cooling down - Will there still be a recession?

[*Prince Charming]

July lo inflation stayed at 8.5%. Markets doing good based on this report. But still recession vastdada, oka vela vaste enta bad untadi ??.

[*Prince Charming]

The consumer price index rose 8.5% in July from a year ago, below expectations, due largely to slumping energy prices.

Excluding volatile food and energy prices, so-called core CPI rose 5.9% annually and 0.3% monthly, compared with respective estimates of 6.1% and 0.5%.

The report was good news for workers, who saw a 0.5% monthly increase in real wages.