Economy
What is the Consumer Price Index, and what does the monthly CPI report mean for the US economy?

As of July 2022, the Omicron BA.5 subvariant accounted for the majority of COVID-19 cases in the US. The subvariant emerged in the US in late April.
Since late 2021, Omicron has been the dominant COVID-19 variant, more contagious than previous versions. As of July 2022, it was the only COVID-19 variant classified as a variant of concern. The designation applies to variants that show attributes, including an increase in transmissibility, more severe disease, or a reduction in antibody effectiveness.
For more on COVID-19, visit the cases and deaths map or track state-level progress on vaccinations.
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