not over just yet not overjust yet price pressures are easing in the world s biggest economy but the battle against inflation is still on. plus, a bright spot in china s economy with e commerce giant alibaba delivering its strongest revenue growth in almost two years. hello, welcome to asia business report with me, mariko oi. beginning the united states where prices rose moderately last month, despite a sharp increase in interest rates to stamp out inflation. the figures suggest that america s central bank monetary policy is succeeding in containing soaring prices but thejob may not be done just yet. shall flory has more from new york. the us government reported that inflation increased 3.2% from a year earlier which was up from a 3% annual rise injune. michelle fleury. it s due to
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