In July, US consumer inflation fell to 2.9% year-over-year, its lowest since March 2021.

In July, US consumer inflation hit its lowest annual rate since March 2021, with the Consumer Price Index (CPI) falling to 2.9% year-over-year, down from 3% in June. This decline in inflation may influence the Federal Reserve's decision on interest rate cuts. The 12-month growth in consumer prices has been relatively subdued, providing a positive outlook for economic policies.

August 14, 2024
507 Articles