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Inflation cooled last month as gas prices fell, though costs remain elevated
The modest decline could ease pressure on the Federal Reserve to raise their key interest rate to combat rising costs. Yet prices are still rising more quickly than average wages, underscoring the struggle many Americans have had with more expensive groceries, gas, and healthcare.
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cnn.com
US annual inflation cooled to 3.4% in July | CNN Business
Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump delivered less of a bite, according to new data released Wednesday by the…
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edition.cnn.com
US annual inflation cooled to 3.4% in July as gas prices ease | CNN Business
Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump delivered less of a bite, according to new data released Wednesday by the…
