Consumer prices rose in July at their slowest monthly pace since February, though a broadening of price pressures suggests inflation may be more persistent than Federal Reserve officials predict, offering little relief to American households rocked by months of surging prices. The Labor Department said in a report Wednesday that the consumer price index (CPI) jumped…

Consumer prices rose in July at their slowest monthly pace since February, although a broadening of price pressures suggests that inflation may be more persistent than Federal Reserve officials predict, offering little relief to American households rocked by months of surging prices. The Labor Department said in a report on Aug. 11 that the consumer price…