Energy prices declined 1.5 percent in July but remain 14.7 percent higher compared with a year ago. U.S. Key points and original sources are listed below.

• Energy prices declined 1.5 percent in July but remain 14.7 percent higher compared with a year ago.S1

• U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy.Consumer prices rose 3.4% in July from a year ago,...S2