Inflation drops below 3% for first time since 2021

FAN Editor 7 months ago

Inflation drops below 3% for first time since 2021 – CBS News

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The Labor Department reported Wednesday that consumer prices rose just 2.9% in July, the first time the year-over-year inflation rate has dropped below 3% since March of 2021. However, despite the good economic data, for many Americans monthly expenses such as rent, auto insurance and electricity remain stubbornly high. Jo Ling Kent reports.

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