Inflation cools to 3% but remains above target rate
Wednesday, July 12, 2023 | Tag Cloud | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The inflation rate declined from last month but is still 1% higher than the Federal Reserve’s 2% target rate, Wednesday’s Consumer Price Index Report shows, indicating that the cost of U.S. goods and services increased 3% in June compared to the same time last year.
Inflation has slowed down compared to June 2022’s four-decade high of 9.1%.
Measuring inflation by tracking the prices consumers pay over time, the CPI was at 4% in May 2023. [ Source: Just the News (Read More…) ]
Latest Worthy News
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.