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as samira hussain reports from new york. the headline in these latest inflation numbers as the cost of living in the united states is headed in the right direction. inflation rose 3% in the month ofjune, down a full percentage point from a month earlier. it has fallen pretty sharply from its peak of more than 9% forjune of last year. it is a sign the federal reserve s moves to raise interest rates to slow down inflation seems to be working. analysts are still thinking the american central bank will raise interest rates one more time at the next meeting. the caller inflation is good news for consumers, also good news for consumers, also good news for the us presidentjoe biden who touted the administration s efforts to bring prices down. he is facing re election next year and being to control inflation without pushing the economy into a recession, will be key if you want another four years in the white house. if he wants. years in the white house. if he wante years in the ....
Is abuzz with activity and businesses. in the country, the shortages have eased, the fuel cues have disappeared, and ban on nonessential imports, like that of machines, auto parts, even electronics have all been lifted, giving a boost to the import driven economy of sri lanka. but my conversations with people here reveal that, underneath their sense of normalcy, there lies an undercurrent of instability and worry. prices of everyday goods has continued to soar. this, coupled with lower incomes and higher taxes, coupled with lower incomes and highertaxes, has coupled with lower incomes and higher taxes, has cost caused living standards drop. for small businesses, higher import costs are eating into profits. last year, this man was on the verge of closing down his restaurant. a year later, he is still struggling. most of the skilled labourer has left most of the skilled labourer has left the country. during the crisis ....