Inflation Eases to 2.5%, but Core Prices Remain Sticky The latest Consumer Price Index (CPI) report shows that US inflation has continued to moderate, reaching its lowest annual rate since early 2021. In August, consumer prices rose 2.5% compared to the previous year, down from 2.9% in July. This deceleration in inflation, driven by falling gasoline and used car prices, aligns with economist expectations and brings the rate closer to the Federal Reserve’s 2% target. While core inflation, which excludes volatile food and energy prices, remained steady at 3.2% annually, the overall trend suggests that the Fed may consider rate cuts in the near future. However, the timing and extent of these cuts remain uncertain, as policymakers weigh the moderating inflation against other economic factors. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Global Gold Demand Hits Eight-Year High in Q1, Fueled by Investment and Central Banks READ MORE BloxCross CEO Keith Bliss Favors Copper in Commodities Showdown READ MORE Jeffrey Christian: No Significant Shift Away from the US Dollar READ MORE Gold Gains on Fed Rate Cut Hopes; Copper Prices Rebound READ MORE Stocks and Bonds Retreat as Investors Brace for Economic Indicators READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment