This downward movement in CPI growth—which remains positive and well above the Fed’s two-percent target—reflects, in part, falling rents and oil prices due to soft demand.
CPI Price Inflation Slows as Oil Prices Fall and Rents Flatten
This downward movement in CPI growth—which remains positive and well above the Fed’s two-percent target—reflects, in part, falling rents and oil prices due to soft demand.