U.S. inflation has dropped to its lowest level in three years. Prices rose 2.9% in July from a year earlier, down from 3% in June, marking the smallest 12-month increase since March 2021, when prices accelerated in the wake of the pandemic. CBS News senior business and technology correspondent Jo Ling Kent explains.
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U.S. inflation has dropped to its lowest level in three years. Prices rose 2.9% in July from a year earlier, down from 3% in June, marking the smallest 12-month increase since March 2021, when prices accelerated in the wake of the pandemic. CBS News senior business and technology correspondent Jo Ling Kent explains. CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries. Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews Watch CBS News: https://cbsnews.com/live/ Download the CBS News app: https://cbsnews.com/mobile/ Follow CBS News on Instagram: https://instagram.com/cbsnews/ Like CBS News on Facebook: https://facebook.com/cbsnews Follow CBS News on Twitter: https://twitter.com/cbsnews Subscribe to our newsletters: https://cbsnews.com/newsletters/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: licensing@veritone.com
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