Economy News
US consumer prices rise 0.3% in August, lowest in 7 months

U.S. consumer prices rose a lower-than-expected 0.3% last month, the smallest increase in seven months and a hopeful sign that inflation pressures may be cooling. The August gain fell from a 0.5% increase in July and a 0.9% surge in June, the Labor Department reported Tuesday. It was the smallest increase since a similar 0.3% rise in January. The August slowdown in prices was seen as offering some hope that Americans were finally starting to see some relief from a price surge earlier in the year.

News Source:- https://economictimes.indiatimes.com/news/international/business/us-consumer-prices-rise-0-3-in-august-lowest-in-7-months/articleshow/86200306.cms