www.allsides.com
Inflation falls for fourth month in a row, now at 2.9%
In some good news for Vice President Kamala Harris and the economy, annual inflation fell to 2.9% in July — now marking four months of disinflation.
The one-tenth of a percentage point decline in the consumer price index comes as most economists expected that annual inflation would remain at 3%, the same as the month before.
Notably, inflation is now the lowest it has been since March 2021, shortly after President Joe Biden was sworn in.
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