Inflation Falls to 3 Percent in June, Signaling Easing of Price Pressures
The pace of price increases, while higher than the Fed’s inflation target, marks an improvement over the prior month’s level of 4 percent.
WASHINGTON — After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3 percent in June compared with 12 months earlier — a sign that the Federal Reserve’s interest rate hikes have steadily slowed price increases across the economy.
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