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stayed low for another month. that takes the pressure off america s central bank, the us federal reserve, to keep raising the cost of borrowing, as michelle fleury reports from new york. the us government reported that inflation increased three from a year earlier, it was not from a year earlier, it was not from a 3% annual rise injune. the increase is due in part to higher housing my car insurance, and food costs. 0nce insurance, and food costs. once you strip out things like volatile food and energy prices, so called core inflation was 4 .7%, the lowest since october 2021. the good news is that inflation has drifted down from le sommer s 40 drifted down from le sommer s a0 year highs, but it is still well above what the federal reserve thinks of as normal prices. and with the overall trend heading in the right direction, policy makers, well,

The cost of livingCentral bankFederal reserveMichelle fleuryNew yorkRise injuneEnergy pricesFood costsCore inflationCar insuranceOctober 2021Policy makersLe sommer