U.S. consumer prices rose a lowerthanexpected 0.3% last month, the smallest monthly increase in seven months and a hopeful sign that inflation pressures may be cooling. The Labor Department reported Tuesday that the August gain was down from a 0.5% increase in July and a 0.9% surge in June. It was the smallest increase since a similar 0.3% rise in January. The August slowdown in prices was seen as offering hope that Americans were finally starting to see some relief from a price surge earlier in the year.
from Top Business News- News18.com https://ift.tt/3tKBOoL
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