Inflation Down on Food Prices

Inflation rate fell to 9.4 percent in June from a year earlier, the lowest since December, as food costs declined. Prices advanced 0.2 percent from a month earlier after increasing 0.5 percent in May, the State Statistics Service said Tuesday. Economists had forecast an increase of 9.6 percent from a year earlier and a monthly advance of 0.3 percent, according to two Bloomberg surveys. Seasonal produce from the new […]