Forbes on Nostr: Inflation Hits 12-Month Low 3% As Prices Unexpectedly Drop In June ========== ...
Inflation Hits 12-Month Low 3% As Prices Unexpectedly Drop In June
==========
Inflation in June was 3%, the lowest level in 12 months, beating economist estimates. Consumer prices declined 0.1% from May to June, the first month-over-month decrease since 2020. Core inflation, which excludes food and energy inputs, was 3.3% in June. Both inflation measures are above the 2% target but have improved from previous highs. Shelter costs, including rent and homeowner payments, increased by 5.2% compared to June 2023. Inflation is a key issue heading into the presidential election, with the consumer price index up 20.6% since December 2020. President Joe Biden's term has coincided with the inflationary cycle, and voters trust Donald Trump more on the issue despite his false claims.
https://www.forbes.com/sites/dereksaul/2024/07/11/inflation-hits-12-month-low-3-as-prices-unexpectedly-drop-in-june/
==========
Inflation in June was 3%, the lowest level in 12 months, beating economist estimates. Consumer prices declined 0.1% from May to June, the first month-over-month decrease since 2020. Core inflation, which excludes food and energy inputs, was 3.3% in June. Both inflation measures are above the 2% target but have improved from previous highs. Shelter costs, including rent and homeowner payments, increased by 5.2% compared to June 2023. Inflation is a key issue heading into the presidential election, with the consumer price index up 20.6% since December 2020. President Joe Biden's term has coincided with the inflationary cycle, and voters trust Donald Trump more on the issue despite his false claims.
https://www.forbes.com/sites/dereksaul/2024/07/11/inflation-hits-12-month-low-3-as-prices-unexpectedly-drop-in-june/