BBC News

US inflation eases as food and fuel costs cool

US inflation eases as food and fuel costs coolWorldPing

Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.

This is a short WorldPing brief. The full report was published by BBC News.

Read the full report at BBC News

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Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.

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