US inflation drops on lower fuel prices

13 February 2019

 

The annual rate of US consumer inflation has dropped from nearly 3% in July 2018 to well below 2% over the last couple of months. At the same time, core inflation has been much less volatile and it has ranged between 2.10% and 2.30%. In recent times, differences between the two have mostly been caused by changes in gasoline (petrol) prices.  Consumer price index (CPI) figures released by the Bureau...

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