September 11, 2024 • Consumer prices in August had been up 2.5% from a year ago — the smallest annual enhance since February 2021. Falling inflation clears the way in which for the Federal Reserve to begin cutting rates of interest next week — likely by 1 / 4 share level. U.S. client prices elevated modestly in August, persevering with a development of slowing inflation that has introduced the annual price to its lowest degree since February 2021. According to the latest information from the Bureau of Labor Statistics, the Consumer Price Index rose by zero.2% for the month, according …