this post was submitted on 11 Aug 2023
11 points (100.0% liked)

News

40 readers
2 users here now

Breaking news and current events worldwide.

founded 1 year ago
11
US inflation cooling as consumer prices rise moderately again (www.reuters.com)
submitted 1 year ago by [email protected] to c/[email protected]
29 comments fedilink hide all child comments
 

Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 1 points 1 year ago (1 children)

That was a shift from 0.2% to 0.3%, which still isn't nearly as bad as it was. Things fundamentally seem to be trending in a good direction.

[โ€“] [email protected] 2 points 1 year ago

yeah but we are talking on a monthly basis.3.6 compared to 2.4 over a year if the one kept up from the other and the 2.4 is more target. Granted inflation generaly exludes many necessities so even in low inflation day to day essentials like food and energy can be high.