CPI has dropped to 2.9%. What does this mean for you?

Name: CPI has dropped to 2.9%. What does this mean for you?
Uploaded: 2024-08-14T20:44:35Z
Duration: 2 min 19 s
Description: Today, the Bureau of Labor Statistics said the Consumer Price Index (CPI) has cooled to 2.9%. CPI is a measure of inflation that tracks the cost of a basket of goods and services like gas, food, medical care, and housing. It’s the first time the inflation measure has dipped below 3% since early 2021, when the economy was still grappling with the height of the COVID-19 pandemic.

Today, the Bureau of Labor Statistics said the Consumer Price Index (CPI) has cooled to 2.9%. CPI is a measure of inflation that tracks the cost of a basket of goods and services like gas, food, medical care, and housing. It’s the first time the inflation measure has dipped below 3% since early 2021, when the economy was still grappling with the height of the COVID-19 pandemic.

Posted August 14, 2024 4:44pm EDT