US inflation rate hits 2-year low |good news for us Economi | World Business Watch now live

13-Jul-2023 #us #usinflation #inflation
The US inflation rate has taken a significant dip, hitting a more than two-year low. This development could potentially mark a turning point in the cost-of-living emergency, and have implications for the federal reserve's monetary tightening strategies. The latest data reveals that consumer-price inflation for the previous month stands at just 3%, which is a significant drop from the highest level seen last year in four decades.

#us #usinflation #inflation