US inflation cools, raising hopes. Price increases in the US slowed significantly in June, raising hopes that the world’s largest economy is moving past the high inflation triggered by the COVID-19 pandemic. The Labor Department’s Bureau of Statistics reported a 3% rise in prices over the year to June, the slowest rate in a year, driven by lower petrol prices and moderating rents, Reuters reports.
https://www.weforum.org/agenda/2024/07/economics-inflation-growth-news-12-july
