Inflation falls to its lowest level in more than 3 years. Here’s what ...
Sep 11, 2024 · Consumer prices in August were up 2.5% from a year ago, according to a report from the Labor Department Wednesday. That's the smallest annual increase since February 2021. Here are four things to...
Inflation Cooled in August, Keeping the Fed Poised to Cut Rates
Sep 11, 2024 · Inflation continued to recede in August, paving the way for the Federal Reserve to lower interest rates for the first time since early 2020 at their meeting next week.
A dual win for consumers: Inflation cooled last month, paving way …
Sep 27, 2024 · The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the year ended in August, versus 2.5% in July.
Inflation cools to 2.5%, slowest rate in more than three years - NBC News
Sep 11, 2024 · Inflation in August 2024: What it means for consumers and businesses. Economy. Inflation cools to 2.5%, slowest rate in more than three years. Price growth is within range of the Federal...
Annual US consumer inflation fell to 2.5% in August, a 3-year low
Sep 11, 2024 · Annual US consumer inflation fell to 2.5% in August, a 3-year low. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the presidential race.
US inflation reaches a 3-year low as Federal Reserve ... - POLITICO
Sep 11, 2024 · Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. It was the fifth straight annual drop and the smallest...
US consumer prices continued to rise last month - CNN
Sep 13, 2023 · US inflation accelerated in August for the second-straight month, pushed up by rising gas prices. However, core inflation, which strips out volatile food and energy prices, continued to slow,...
Inflation Remains Subdued, as Fed Preps Rate Cut
Sep 11, 2024 · The Consumer Price Index climbed 2.5 percent in August from a year earlier, a notably cooler pace of inflation than July’s 2.9 percent and down sharply from a peak of 9.1 percent back in 2022.
US Inflation Rose 8.3 Percent in August: CPI Report
Sep 13, 2022 · Here’s what we know: Inflation did not ease as much as expected in August, with an 8.3 percent rise in the Consumer Price Index showing that the squeeze on consumers remains acute.
Consumer inflation slows to lowest rate since February 2021
Sep 11, 2024 · CNN — Inflation continues to loosen its grip on American consumers, with price hikes slowing by the most in three and a half years, according to new data from the Bureau of Labor Statistics...