The official U.S. inflation rate inched down to 8.2 per cent last month, its lowest level since February.
The Bureau of Labor Statistics said Thursday that prices for food, shelter and medical care increased during the month, but a five per cent decline in the price of gasoline was enough to drag the overall inflation number down slightly.
Economists had been expecting the inflation number to come down by even more, to 8.1 per cent. That’s after it topped nine per cent in June, the highest figure in more than 40 years.
More to come.
