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Evening Standard

Business

Jonathan Prynn

UNBELIEVABLE: Us inflation falls to 6 5 per cent - Caught on Camera

Inflation United States Jerome Powell US Federal Reserve

US Federal Reserve boss Jerome Powell
(Picture: REUTERS)

The US rate of inflation fell again last month from 7.1% to 6.5% raising fresh hopes that the global prices surge is past its peak.

The Consumer Prices Index (CPI) fell 0.1% over the month bringing the annual rate down to its lowest level since October 2021, according to the US Bureau of Labor Statistics.

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