Inflation Shows Signs of Cooling but Remains Elevated as Central Banks Weigh Further Rate Hikes

Consumer inflation rose slightly in July after a year of declines, driven primarily by still-high housing costs.
Underlying inflation continued to ease in July, matching the slowest monthly increase in two years.
Wholesale price inflation ticked up in July, indicating some lingering inflationary pressures in the production pipeline.
Concerns remain about China's weakening economy as it slipped into deflation, while exports and imports declined.
Central banks are assessing the need for further interest rate hikes to combat inflation, with markets split on the outlook.