US inflation hits its lowest point since early 2021
File - A food shopper pushes a cart of groceries at a supermarket in Bellflower, Calif., on Monday, Feb. 13, 2023. Over the past 12 months, gas prices have dropped, grocery costs have risen more slowly and used cars have become less expensive.(AP Photo/Allison Dinner, File)
WASHINGTON (AP) — Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries.
The inflation figure the government reported Wednesday was down sharply from a 4% annual rate in May, though still above the Federal Reserve's 2% target...
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