Inflation slows as US economy rebounds

ABC News published this video item, entitled “Inflation slows as US economy rebounds” – below is their description.

ABC News’ Zohreen Shah and ABC News business reporter Alexis Christoforous discuss the latest on the economy as wholesale prices rose 9.8% over the past year as of July.

ABC News YouTube Channel

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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