US Inflation Slows By Less Than Expected
Price increases in the US moderated last month but not as much as expected, as higher housing and food costs offset a decline in petrol prices. Annual inflation, the pace at which prices rise, was 3.1%, down from 3.4% a month earlier, the Labor Department said. Many analysts had expected inflation to fall to 2.9%. It is the latest economic reading to suggest that authorities have not got inflation fully […]