Inflation Drops to 5.4%, Inflation Calculator Reflects Rate Change »
Posted By coinnewsnet 1 year, 3 months ago in Business & FinanceUS inflation fell for the first time in two years with a rate of 5.4 percent in August from a year ago. That compares to July' s 5.6 percent according to Bureau of Labor Statistics data released Tuesday. A decrease in inflation makes inflationary-hedge investments in commodities like gold and oil less attractive, but turmoil in the financial sector has its pull too. Gold and oil showed declines in morning trading.
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