Reported about 1 year ago
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index remained flat compared to the previous month, with consumer prices 3.3% higher than a year ago, lower than economist estimates. Rent prices have slowed down, while auto insurance costs continue to rise. Gas prices have eased up, and some grocery prices are cooling. Health costs and prescription drug expenses are on the rise. Although inflation remains above the 2% target, there are signs of consistent downward pressure, leading investors to expect fewer rate cuts this year.
Source: YAHOO