Inflation rate drops to a three-year low point
Measured from a year earlier, prices rose 2.9%, down from 3% in June. It was the mildest gain since
The government said almost all of July's inflation reflected higher rental prices and other housing costs, a trend that, according to real-time data, is easing.
DRUG PRICES: The Biden administration said Thursday that drug price negotiations will knock hundreds of dollars off the list prices of 10 of Medicare's most popular and costliest drugs. The discounts, agreed to after months of negotiations with drug manufacturers, range between 38% and 79% on the medication's list price
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Annual US inflation falls to 3-year low
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