Reported about 2 months ago
The latest inflation report indicates that the Consumer Price Index has fallen to 2.9%, the lowest since 2021, signaling that the battle against inflation is yielding results. However, lingering frustrations remain, particularly due to rising costs in housing, auto insurance, and child care, which continue to affect budgets despite an overall moderate inflation rate. While some prices are stabilizing, the perception of inflation persists for many consumers, largely due to fixed expenses that remain high.
Source: YAHOO