tl;dr: annualized inflation figures cooled more quickly than projected, landing at 3.1% this month compared to 4% in June. This is down 6% compared to the peak annualized inflation figure of 9.1% from 12 months ago, though still 1.1% higher than The Fed's stated 2% target.
tl;dr: annualized inflation figures cooled more quickly than projected, landing at 3.1% this month compared to 4% in June. This is down 6% compared to the peak annualized inflation figure of 9.1% from 12 months ago, though still 1.1% higher than The Fed's stated 2% target.