Inflation Falls Below 3% for First Time Since 2021

New York Times: “Overall inflation was 2.9 percent in July on a yearly basis, the Bureau of Labor Statistics reported, easing slightly from 3 percent in June and a bit milder than economists had expected.”

“While inflation still exceeds the 2 percent that was normal before the coronavirus pandemic, it is much slower than the 9.1 percent peak in 2022.”