US inflation eases to 8.3% in August; falls for second straight month

The US' consumer price index (CPI) rose 8.3% in August 2022, data released by the US Bureau of Labor Statistics showed. It is down from 8.5% recorded in July and 9.1% reported in June, which was a 40-year high. Increases in the shelter, food and medical care indices were the largest contributors to the rise in US' CPI.