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The consumer price index (CPI) also slowed to a 2.9 percent annual increase in July, down from 3 percent in June, falling below 3 percent for the first time since March 2021.
Consumer prices rose 0.2 percent in July following two straight months of flat or declining prices, the Labor Department reported Wednesday.
The acceleration in the CPI reading is bad news for President Donald Trump, who is pushing for the Federal Reserve to cut interest rates and stimulate the economy. The Fed's Board of Governors has so ...
The consumer price index (CPI) slowed to a 2.9 percent annual increase in July, down from 3 percent in June.
In some good news for Vice President Kamala Harris and the economy, annual inflation fell to 2.9% in July — now marking four months of disinflation. The one-tenth of a percentage point decline ...
In some good news for Vice President Kamala Harris and the economy, annual inflation fell to 2.9% in July — now marking four months of disinflation. The decline of a tenth of a percentage ...
Inflation picked up steam last month amid early signs that President Trump's tariffs are beginning to have an effect on the ...