Consumer price inflation in the United States appears to be slowing.

Consumers in the United States, who have had their purchasing power reduced by this year's torrid inflation, may be in for some relief.

Consumers in the United States who have grown tired of watching their dollar stretch less and less this year may be in for some relief.

According to the US Department of Labor, consumer prices in the United States grew 0.3 percent in August after increasing 0.5 percent the previous month.

Last month, prices for gasoline, domestic furnishings and operations, food, and shelter all increased.

New vehicle prices rose 1.2 percent in August after rising 1.7 percent in July, while used car and truck prices dipped 1.5 percent in August, ending a five-month streak of monthly increases.

Prices for airline fares fell last month, indicating that the spread of the highly contagious Delta version of the coronavirus may be dragging on some sectors of the economy.

Inflation has been rising as businesses ramp up operations in large numbers, causing labor, material, and transportation constraints.