In July 2024, the US annual inflation rate continued its downward trend for the fourth month in a row, reaching 2.9% — a level not seen since March 2021 and a slight decrease from June's 3%. Month-over-month, the CPI saw a 0.2% increase, aligning with predictions. This rise was primarily driven by the shelter index, which went up by 0.4% and contributed to nearly 90% of the overall monthly increase in inflation.
Core inflation, which excludes vo...