Falling Gasoline Prices Keep Inflation In Check ...Middle East

The U.S. Consumer Price Index (CPI) saw no real change in July, suggesting that inflation is easing as a result of falling gasoline prices, according to the latest data from the Bureau of Labor Statistics released Wednesday.  Overall, the CPI that tracks gasoline prices dropped by 7.7%, while other indexes, including food, saw increases. Used vehicles and airline tickets saw decreases along with gasoline.  It could mean we’ve already suffered peak inflation, with inflation slowing as a direct result of falling gasoline prices. …

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