Here’s where prices are easing up as inflation cools

Americans plagued by rising prices the past three years got another promising sign on Wednesday that inflation is sustainably easing.

The Consumer Price Index (CPI), a broad measure of the price of everyday goods, including groceries, gasoline, and rent, rose 0.2% in July over the previous month, in line with economists’ expectations. Prices rose 2.9% compared to a year ago — the lowest annual reading since spring 2021.