The New Inflation Report Has Some Signs of Hope ...Middle East

Inflation is slowly but steadily going down, the consumer price index showed, according to a report released Tuesday by the Bureau of Labor Statistics.The CPI measures the monthly change in prices that U.S. consumers pay for certain goods. It’s a key government indicator of inflation.Here are three things to know about the inflation report and what it might mean going forward.1. It has some of the lowest increases in more than a yearPrices rose 6 percent in February compared to a year earlier. This is a decent slowdown from January, which saw prices go up 6.4 percent compared to the year before. This is the eighth consecutive month that the inflation rate has dropped, and the smallest yearlo

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Last updated : 14 March 2023 clock 06:20 PM

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The New Inflation Report Has Some Signs of Hope ...Middle East

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