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
Subscribe to:
Post Comments (Atom)
-
FIFA president Gianni Infantino made it clear that international matches can be postponed to handle the escalating threat of coronavirus. ...
-
The New Orleans Saints will soon add the name of the late Sam Mills to their ring of honor in the Superdome. from Top Sports News- News18....
-
The collaboration aims to strengthen Mastercard's cloud services and other capabilities and fintech partners, sparking innovation and cr...
No comments:
Post a Comment