China News Service, August 10. According to the Associated Press, the U.S. government said on the 10th local time that the U.S. consumer price index (CPI) rose 8.5% year-on-year in July, down from 9.1% in June.

Data map: Passengers take the subway in New York City, USA.

Photo by China News Agency reporter Liao Pan

  Despite slowing inflation, prices for many goods and services are soaring, making life worse for most Americans.

Average wages have not kept pace with rising costs such as food, rent, cars and medical services.

  US Republicans stressed that the high inflation rate is the top issue in the congressional midterm elections.

Polls show that rising prices have led to a sharp drop in Biden's approval rating.