Inflation Growth Slows in July, Still a Concern as It Broadens and Stays Historically High Posted byThe Epoch Times August 12, 2021 Leave a comment on Inflation Growth Slows in July, Still a Concern as It Broadens and Stays Historically High The Labor Department stated in a report on Aug. 11 that the consumer price index (CPI) jumped 0.5 percent in July from June, which is less than the previous monthly increase of 0.9 percent.