The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Business

Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated

by admin August 15, 2024
August 15, 2024
Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated

Consumer price growth in July slowed to its lowest post-pandemic level, a sign that the surging inflation that has gripped the U.S. economy is finally ebbing.

On a 12-month basis, the Consumer Price Index (CPI) cooled to 2.9%, down from 3% in June — the first time the index dipped beneath 3% since March 2021. Month over month, it rose 0.2% after falling 0.1% in June.

The latest reading adds to growing signs that the swift price increases consumers have suffered since the pandemic are abating, and it raises pressure on the Federal Reserve to cut interest rates as soon as next month.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
From department store to ice rink: How shuttering Macy’s will spur a shopping mall rebrand
next post
Surging grocery prices have settled down, but shoppers are still adjusting

Related Posts

Levi Strauss to sell Dockers to brand management...

May 21, 2025

The Fed’s preferred inflation measure rose 0.2% in...

June 1, 2024

Hims & Hers Health says it will offer...

May 22, 2024

Walz’s family relied on Social Security when his...

August 24, 2024

Nvidia’s CEO did a Q&A with analysts. What...

March 23, 2025

Nintendo Switch 2 retail preorder to begin April...

April 21, 2025

Biden administration to require advanced safety tech on...

April 30, 2024

How Vuori reached a $5.5 billion valuation by...

December 20, 2024

What’s the secret of their success? Summer camp

August 26, 2025

Nvidia CEO Jensen Huang warns China is ‘not...

May 1, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

      September 22, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      September 22, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 22, 2025
    • German officials condemn store owner who declared Jews banned from entry to protest Israel

      September 22, 2025
    • Trump honors Charlie Kirk’s legacy and describes him as a ‘martyr for American freedom’

      September 22, 2025
    • Charlie Kirk honored by 90K in one of the largest memorials for a private citizen

      September 22, 2025

    Categories

    • Business (1,389)
    • Politics (4,547)
    • Stocks (1,663)
    • Uncategorized (45)
    • World News (1,382)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved