The US annual inflation rate decreased for the fifth straight month to 2.5% in August 2024, marking the lowest level since February 2021, down from 2.9% in July and falling below the anticipated 2.6%. Month-over-month, the Consumer Price Index (CPI) increased by 0.2%, consistent with July's figures.
Additionally, while core inflation remained stable at a low not seen in over three years at 3.2%, the monthly rate of core inflation rose slightly to ...