US annual inflation slows slightly to 8.3 pct in August | ABS-CBN
ADVERTISEMENT
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
US annual inflation slows slightly to 8.3 pct in August
US annual inflation slows slightly to 8.3 pct in August
Agence France-Presse
Published Sep 13, 2022 09:08 PM PHT
WASHINGTON, United States - Annual consumer price inflation slowed slightly in August to 8.3 percent from 8.5 percent in July, the Labor Department said in an anxiously-anticipated report that the Federal Reserve is watching closely.
WASHINGTON, United States - Annual consumer price inflation slowed slightly in August to 8.3 percent from 8.5 percent in July, the Labor Department said in an anxiously-anticipated report that the Federal Reserve is watching closely.
However, CPI rose 0.1 percent in August, after holding flat in July, according to government data Tuesday, a disappointing result amid widespread expectations that inflation would fall in the month.
However, CPI rose 0.1 percent in August, after holding flat in July, according to government data Tuesday, a disappointing result amid widespread expectations that inflation would fall in the month.
A steep decline in gasoline prices helped cool inflation, but costs for food, housing and autos continued to rise.
A steep decline in gasoline prices helped cool inflation, but costs for food, housing and autos continued to rise.
EMBED IVS FROM
EMBED IVS FROM
ADVERTISEMENT
ADVERTISEMENT
