Thursday, September 19, 2024 | Baltimore, MD
Baltimore, MD
84°
Partly Cloudy
FOLLOW US:

Consumers seeing relief in some food prices as inflation continues to slow

August 14, 2023
Food Aisle on Supermarket

Consumers are getting some relief from higher prices as core inflation, which excludes food and energy, continues to show signs of cooling — an encouraging sign for the U.S. economy, according to economists. The Department of Labor’s report on Thursday showed the consumer price index rose 0.2% in July, in line with expectations, and 3.2% in the past year compared to 3% in June. Despite that slight uptick, economists say that it’s still good news for the economy overall and for consumers.

 

Article Source: Maryland Matters

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.