After years of struggling with the rising cost of living, Americans are finally getting some minor relief. U.S. inflation fell 0.1% month-over-month in June, beating analysts’ consensus forecast for an 0.1% rise, the Bureau of Labor Statistics reported Thursday. On an annual basis, consumer prices also rose just 2.97%—the smallest jump in over three years.
“Expectations were that this was going to be a good report. But as you can see, it was better than expected,” Bill Sterling, global strategist at GW&K Investment Management, told Fortune of the consumer price index (CPI) data.
