“Inflation continues to loosen its grip on American consumers, with price hikes slowing by the most in three and a half years.”

According to new data from the Bureau of Labor Statistics, the Consumer Price Index, a measurement of price changes for a commonly purchased basket of goods and services, retreated from a 2.9 percent annual increase in July to 2.5 percent in August, marking the lowest annual increase since February 2021 and landing at a rate that matched the average seen in 2018. Read the CNN article, “Consumer Inflation Slows to Lowest Rate Since February 2021.”