CPI Report Shows Inflation Eased to 3% in June
CPI Report Shows Inflation Eased to 3% in June
www.wsj.com Inflation Eased to 3% in June, Slowest Pace in More Than Two Years
Price pressures cooled, but inflation remains strong enough to keep the Fed on course to continue raising interest rates.
The year-over-year inflation is 3%; the month-over-month is 0.2%, slightly higher than last month's 0.1%.
Core inflation was down though, with only 0.2% month-over-month, much lower than last month, and bringing the year-over-year down to "only" 4.8%.
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