US price rises ease for the first time in months
The prices of clothing and used cars fell, but inflation remains at a 40-year high. …
“The easing… to 8.3% year-over-year from 8.5% marks a start in returning inflation back to the Federal Reserve’s target [of 2%], but there remains a substantial way to go,” said Wells Fargo economist Sarah House. “Inflation remains widespread, making it all the more difficult to curtail.”
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