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Inflation outlook brightens amid oil decline and slowed price gains
U S inflation prospects look brighter as oil prices ease and home values level off. USDA reports May farm prices down for the fifth month, lowering projected rises in food costs. The Commodity Research Bureau index falls about 14 percent in six months while the dollar strengthens against foreign currencies, nudging prices of imported goods lower. Analysts warn the CPI's reliability and emphasize that real stability requires tackling military, industrial, and monetary constraints, with cautious optimism for a future easing of inflation.
MENTIONED IN THIS ARTICLE
Chet Carrier
New York
U.S
Department of Agriculture
USDA
Commodity Research Bureau Inc