US inflation falls in wake of banking turmoil

  14 March 2023    Read: 470
US inflation falls in wake of banking turmoil

Prices in the US rose 6% over the 12 months to February, according to the Labor Department, BBC reported.

That was down from 6.4% a month earlier, in line with expectations - but not necessarily a big comfort to the US central bank, which has been fighting to stabilise prices.

It wants to see inflation - the pace at which prices rise - running at about 2%.


More about:


News Line