Claim: Has inflation dropped to 3% as of mid-2023?
Fact-check: Has inflation dropped to 3% as of mid-2023?
Verdict: yes. the consumer price index rose 3.2% in july 2023 compared with a year earlier. inflation trended upward in january 2021 before hitting a peak in june 2022. that month's 9.1% year-over-year increase was a four-decade high.
Organisation: Wisconsin Watch
Author: Tom Kertscher
Date published: 2023-09-07T15:38:56