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)
July 13, 2023
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July 13, 2023 3:40 p.m.
US inflation hits its lowest point since early 2021
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.