Grace Cary | Moment | Inflation continued to decline in August, suggesting that the rapidly rising prices that have plagued the U.S. economy for nearly three years during the pandemic are increasingly fading into the background. Inflationary pressures are easing overall, said Sarah House, senior economist at Wells Fargo Economics. The consumer price index, which […]
Prices rose as expected in August, while the annual inflation rate fell to its lowest level since February 2021, according to a Labor Department report released Wednesday that sets the stage for an expected quarter-percentage point interest rate cut by the U.S. Federal Reserve within a week. The consumer price index, a comprehensive measure of […]
Discounts on products such as televisions dampened retail inflation in June. (Stephen Chung) According to new data from the British Retail Consortium (BRC), shop price inflation fell to its lowest level since October 2021, falling to 0.2% in June from 0.6% in the previous month. The June figure is also below the three-month average of […]
