The Inflation Headlines Sound Like Great News. The Fine Print Tells a More Complicated Story
If inflation is finally cooling, why do so many Americans still feel like they’re falling behind? That’s the question flooding social media today—and the answer isn’t as simple as one government report.
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For months, Americans have been waiting for a sign that the relentless pressure of rising prices was finally easing. Now, the latest Consumer Price Index (CPI) report offers what appears to be that long-awaited relief.
Headline inflation fell 0.4% in June—the largest monthly decline in years—while annual inflation slowed to 3.5%. Gasoline prices dropped …
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