Economy

This was a good week for inflation numbers, but whether it can last is the big question

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Gas station prices are seen in Bethesda, Maryland on August 11, 2022.

Mandel Ngan | AFP | Getty Images

There was more good news Friday for inflation, as import prices fell more than expected and brought some much-needed relief for consumers.

The report capped off a relatively upbeat week for those worried about rising prices — and “relatively” is the operative word — as the U.S. is on pace this year to import just over $4 trillion of goods and services this year, according to the latest Bureau of Economic Analysis data.

With Americans already paying huge bills for food, energy and a host of other items in their daily lives, any respite is a welcome one. After all, the monthly import…



Source cnbc.com

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