Inflation slows more than expected in the United States
The Consumer Price Index (CPI) in the United States fell more than expected in June, suggesting that the Federal Reserve's efforts to curb rising prices are working.
Google News'te Doğruhaber'e abone olun. 
The CPI, which measures the cost of a basket of goods and services, rose 3% year-over-year in June, down from 4% in May. Economists had expected a rise of 3.1%.
Excluding food and energy prices, the core CPI rose 4.8% year-over-year in June, down from 5.3% in May.
The slowdown in inflation is likely due to a number of factors, including the Federal Reserve's interest rate hikes, which have made it more expensive for businesses to borrow money.
The Fed is expected to continue raising interest rates in an effort to bring inflation under control. (ILKHA)
Bu haberler de ilginizi çekebilir
-
The Turkish Ministry of National Defense announced that eight PKK/YPG members were neutralized in operations conducted in northern Iraq and Syria.
-
Islamic scholar and researcher Cemal Çınar highlighted the religious and cultural dangers of celebrating New Year's Day, describing the practice as incompatible with Islamic principles and a serious threat to the faith.
