The US 🇺🇸🇺🇸🇺🇸 inflation rate has taken a surprising turn, falling to 2.5% in August 2024, which is lower than expected.
This marks the fifth consecutive month of decline, with the rate being the lowest since February 2021. The decrease is attributed to a drop in energy costs, including gasoline, fuel oil and natural gas prices. Additionally, inflation for food and transportation has also eased, contributing to the overall decline in the inflation rate.
This news is a welcome relief for consumers and investors alike, as it indicates a slowdown in price increases and a potential stabilization of the economy.
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