FILE- People travel through Salt Lake City International Airport Friday, June 30, 2023, in Salt Lake City. After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries.
Rick Bowmer
FILE- People travel through Salt Lake City International Airport Friday, June 30, 2023, in Salt Lake City. After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries.
Rick Bowmer
The Consumer Price Index rose just 3%, down from 4% in May.
FILE- People travel through Salt Lake City International Airport Friday, June 30, 2023, in Salt Lake City. After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries.
Rick Bowmer
The latest government numbers show signs that inflation continues to slow and prices for goods are decreasing. With these new figures, will the Federal Reserve halt interest rate hikes?
Reset digs into the report and what it means for consumers.
GUEST: Scott Horsley, NPR chief economics correspondent
