September eleven, 2024 • Consumer costs in August had been up 2.5% from a 12 months in the past — the smallest annual increase since February 2021. Falling inflation clears the way for the Federal Reserve to begin out chopping interest rates subsequent week — doubtless by a quarter percentage point. U.S. shopper costs elevated modestly in August, continuing a trend of slowing inflation that has introduced the annual fee to its lowest stage since February 2021. According to the latest information from the Bureau of Labor Statistics, the Consumer Price Index rose by zero.2% for the month, consistent with expectations, and the annual inflation fee eased to 2.5%, down from 2.9% in July.
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