Inflation drops below 3% for first time since 2021 02:11. Inflation continued to cool in July, falling to its lowest level in three years and positioning the Federal Reserve to cut interest rates ...

Inflation fell in June, as a drop in gasoline prices more than offset the modest monthly rise in rent. This could help clear the way for the Federal Reserve to cut interest rates in September.

However, inflation has been on the decline. The consumer price index shows that prices rose 2.4% in September from a year earlier, down from the 2.5% increase seen in August.

Because housing is such an important part of the overall measure of inflation, that moderation helped push the annual rate down to 3%. Many economists expect the trend to continue in Wednesday’s ...

I see the gas going down, but I haven’t seen food go down.” According to the U.S. Bureau of Labor Statistics , the average price of eggs in July was $3.08. Prices in August showed an average ...