What to know about cooling inflation
U.S. inflation has dropped to its lowest level in three years. Prices rose 2.9% in July from a year earlier, down from 3% in June, marking the smallest 12-month increase since March 2021, when prices accelerated in the wake of the pandemic. CBS News senior business and technology correspondent Jo Ling Kent explains.
U.S. inflation has dropped to its lowest level in three years. Prices rose 2.9% in July from a year earlier, down from 3% in June, marking the smallest 12-month increase since March 2021, when prices accelerated in the wake of the pandemic. CBS News senior business and technology correspondent Jo Ling Kent explains.
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