U.S. inflation reaches lowest point since February 2021, but price pressures persist

Inflation in the United States dropped last month to 2.4 per cent, its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.

U.S. inflation reaches lowest point since February 2021, but price pressures persist
A pallet of plastic Coke brand bottles with red caps is visible underneath a "SALE" sign in a grocery store. A person is visible shopping in front of a wall of freezers in the background.

Inflation in the United States dropped last month to 2.4 per cent, its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.