US inflation eases as food and fuel costs cool
Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.
Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.
Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.
Zhu was renowned for reforms that sought to transition China from the post-Maoist years to a more global market-oriented financial system, without ceding party control over the economy.
Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down citiesRepeated debilitating heatwaves this summer are likely to have cost the UK economy more than £4bn in lost economic output by the end of July, new analysis s…
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