The week just ended brought welcome news on the inflation front. The Bureau of Labor Statistics figures showed consumer price index were unchanged in July following a 1.3% rise in June. This brought the year-on-year increase down to 8.5% following a 40-year high of 9.1% the previous month. Just as encouraging was the 0.5% monthly decline in the producer price index compared with a small increase that had been anticipated.
Inflation Story: More to Come!
Inflation Story: More to Come!
Inflation Story: More to Come!
The week just ended brought welcome news on the inflation front. The Bureau of Labor Statistics figures showed consumer price index were unchanged in July following a 1.3% rise in June. This brought the year-on-year increase down to 8.5% following a 40-year high of 9.1% the previous month. Just as encouraging was the 0.5% monthly decline in the producer price index compared with a small increase that had been anticipated.