Inflation falls below 3% for the first time since 2021

Price hikes slowed more than expected in July, bringing the Consumer Price Index below 3% for the first time in over three years. With inflation appearing under control, the Federal Reserve may cut rates next month, aiming to boost job growth and ease economic stress. Consumer prices rose 2.9% over the past year, down from June’s 3% gain, according to the latest CPI report.
"This is great news, taking politics out of it. This is great news for the country. This is great news for people who need to go out and buy things for their families."



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#Inflation #Politics #Consumer

[sharonharris]

Now, its time to go after corporate greed and price gouging.

[FishRfun]

Price gouging is still a huge problem though.

[MG-otyr]

Daffy Duck is going to have another meltdown

[RosemaryBernard-zn]

Thank you MSNBC for reporting the truth

[philipb]

What the Repugs won't tell you, is that the recent bout of high inflation is a global phenomenon. Even Japan's inflation rate went from negative territory to 6 percent.

[haydenwilliams]

Every Republican president since Teddy Roosevelt has had a recession in their first term.

[Tomt]

Those huge tax cuts for the rich and spending in 2020 will take awhile to fix! But it's getting there! Best economy in the world is impressive!

[philthai]

Awesome. Thank you President Biden. Love it.

[ginify]

It's past time to go after the greedy corporations and businesses that's price gouging.
Boycott if necessary 🤬😠

[kevinmcdermott]

Now start calling out corporations to help Americans

[philiplyons]

Well done to Biden/Harris for lowering inflation.

[el.mas.buscado]

Trump gonna call in slurring his words

[marielle]

Don't believe what they say !!!! 😂😂😂

Look at prices and compare them with 1 or 2 years ago. A totally different outcome. 10% minimum

[susansmith]

Why are food prices continuing to increase?...going up from 1 week to the next.
Packages coming with less servings, jars shrinking. 🤨
Companies are raking in huge profits and selling less food.
Outrageous price gouging! 😠

[JH-unbo]

Food prices still crazy. Go after these companies gouging us

[zippydoo]

I guess the stores I shop at didn't get the memo.

[RyanLopez-dpvs]

HARRIS/WALZ 2024 🗽💙🗳️
We will turn AMERICA 🇺🇸 BLUE !!!

[philiplyons]

Harris/Walz stand with the working class.💙💙💙💙

[jameslewis]

2.9 is the propaganda inflation number, we are actually hovering above 10%

[julienotsmith]

Then someone needs to fix the food price gouging, because the grocery conglomerates are claiming to overcharge is due to inflation.

Are you gonna do that? Or continue ignoring the issues of the very poor.