US consumer inflation registers smallest annual rise since March 2021

US inflation eased slightly in July, according to government data published Wednesday, marking its smallest 12-month increase since March 2021.

The consumer price index (CPI) rose 2.9 percent last month from a year ago, the Labor Department said in a statement, while a measure that strips out volatile food and energy costs cooled to an annual rate of 3.2 percent.

AFP