US inflation rate hits 2-year low
Edited By WION Video Desk
Published: Jul 13, 2023, 06:20 IST | Updated: Jul 13, 2023, 06:20 IST
The US inflation rate has taken a significant dip, hitting a more than two-year low. This development could potentially mark a turning point in the cost-of-living emergency, and have implications for the federal reserve's monetary tightening strategies. The latest data reveals that consumer-price inflation for the previous month stands at just 3%, which is a significant drop from the highest level seen last year in four decades.
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