Yes, Inflation Is Going Down. But Here’s Why Prices Aren’t
August 14, 2024 at 09:52 AM EDT
The annual inflation rate has cooled, new data from the U.S. Bureau of Labor Statistics revealed on Wednesday. The July consumer-price index shows an annual inflation rate of 2.9%, slightly below expectations and the smallest increase since March 2021. The slowing inflation rate may be a welcome … Source