US annual consumer inflation cools to lowest since 2021
Wednesday, 12 July 2023 Annual consumer inflation in the United States cooled to its lowest rate since 2021, the Labor Department said Wednesday, an encouraging sign for policymakers who have been battling to rein in cost pressures. The key inflation gauge, the consumer price index (CPI), rose 3.0 per cent from a year ago last month, down from 4.0 percent in May and slightly lower than analysts expected.
Fed Expected to , Continue Raising Rates , Despite Inflation Easing.
In June, inflation in the United States hit 3%,
the lowest it has reached since March 2021. .
NPR reports that the news could be a sign
that the Federal Reserve's aggressive rate hikes
have made a noticeable impact on the...
Key Inflation Rate , Hits Lowest Annual Level , in Almost 2 Years.
CNBC reports that inflation continued
to show signs of cooling in June,
in line with Dow Jones estimates.
CNBC reports that..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 12 July 2023
![Key Inflation Rate Hits Lowest Annual Level in Almost 2 Years [Video]](https://video.newsserve.net/300/v/20230728/1355935540-Key-Inflation-Rate-Hits-Lowest-Annual-Level-in.jpg)
