INFLATION cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September.
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In July, the core consumer price index in the US rose 3.2% from a year ago, marking a four-month decline in underlying inflation. Monthly, it increased by 0.2%. The Federal Reserve is expected to lower interest rates next month. Nearly 90% of the monthly advance was attributed to shelter costs, which accelerated from June.
INFLATION cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September.
INFLATION cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September.
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The US Labor Department says consumer prices in the country rose 2.5 per cent in August from a year earlier.
The latest Consumer Price Index could show mild inflation in August, keeping the Federal Reserve on track to cut interest rates.
The latest Consumer Price Index could show mild inflation in August, keeping the Federal Reserve on track to cut interest rates.