Food at home fell 0.3%, the first drop since September 2020, though it is still up 8.4% from a year ago. The headline annual increase for the CPI was the smallest since June 2021.Ī 3.5% drop in energy costs and an unchanged food index helped keep headline inflation in check. Policymakers target inflation around 2% as a healthy and sustainable growth level. The data showed that while inflation is still well above where the Fed feels comfortable, it is at least showing continuing signs of decelerating.

Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit