September 11, 2024 • Consumer prices in August were up 2.5% from a year in the past — the smallest annual increase since February 2021. Falling inflation clears the way for the Federal Reserve to start out slicing interest rates next week — doubtless by a quarter share point. U.S. shopper prices increased Business News modestly in August, persevering with a pattern of slowing inflation that has brought the annual price to its lowest stage since February 2021. According to the newest data from the Bureau of Labor Statistics, the Consumer Price Index rose by zero.2% for the month, consistent …
