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Euronews
Euronews
Quirino Mealha

US inflation eases to 3.4% in July as the Fed's September call stays on a knife edge

Price growth in the world's largest economy slowed again last month, according to the US Bureau of Labor Statistics' figures published on Wednesday, but only as much as expected, leaving the Federal Reserve's September rate decision uncertain.

Prices rose 0.1% on the month after falling 0.4% in June, taking the annual rate to 3.4%, well below May's 4.2%. Core prices, stripping out food and energy, rose 0.2% after being flat in June, easing to 2.5% from 2.6% annually.

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