The annual rate of inflation in the United States slowed in June to 3% from 4% in May, according to data from the US Bureau of Labor Statistics released on Wednesday.
But it is still above the Federal Reserve’s target of 2%.
On a monthly basis, the inflation rate in June rose to 0.2% from 0.1% in May.
During June, he retreated Unemployment rate In America slightly, to 3.6% from 3.7% in Maydespite the slowdown in non-farm payroll growth in the US economy.
(Prepared by: Shaima Hefzy, contact zawya.arabic@lseg.com)
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2023-07-12 13:33:54
#Americas #annual #inflation #rate #slows #June
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