News about Prachi Mishra

Inflation in the United States dropped again in August to 8.3 percent, largely as a result of lower gas prices, but it stayed near four-decade highs. The latest consumer price index survey from the Commerce Department showed a decline from a four-decade high of 9.1 percent in June to 8.5 percent in July, but that inflation is also high. Consumer prices increased by 0.1 percent in August, after remaining unchanged in July, according to the Federal Reserve, the government charged with combating inflation, monitors the most closely.