Inflation Rate Drops to 3 Percent in June, Yet Prices Still Rising and Recession Still Possible
There’s welcome news on the economic front in the form of some financial relief. Inflation across America is at its lowest annual rate in more than two years, as of June, but there could be a ways to go.
Although prices are rising at a slower rate, they are still continuing to rise.
The latest report from the Bureau of Labor Statistics shows the inflation rate is slowing, with prices rising at a 3 percent rate, the slowest pace in 2 years.
Read the full story from CBN’s Mark Martin:
https://www2.cbn.com/news/us/inflation-rate-drops-3-percent-june-yet-prices-still-rising-and-recession-still-possible
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