Denver inflation drops to 2.8%, opposite the national trend of rising prices ...Middle East

As the nation fretted over the latest consumer price report showing an unwanted uptick for March, Denver-area economists were dealing with the complete opposite: annual inflation dropped to 2.8%. Denver’s rate, which has been higher than the U.S. for the past 12 months, is now lower than the nation’s rising 3.5% for March. Credit Colorado’s lower gas prices, down 20.6% from a year ago, according to the U.S. Bureau of Labor and local economists. “That is great news, but the relief might be temporary as it will likely bounce back when the summer tourist season starts,” said Gary Horvath, an economist at Cber.co in Broomfield. “The state legislature is feeling the pain. They raised thei

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Denver inflation drops to 2.8%, opposite the national trend of rising prices ...Middle East

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