Are price rises slowing?

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New figures show that inflation in the US – the world’s largest economy - is on the way down. The latest figures showed a slight fall to 6.5%, down from 7.5% the previous month. Rising prices have been the bugbear of the post-Covid global economy, with central banks moving to raise interest rates to try to deal with it, resulting in a struggle for those whose incomes are no longer enough to cover their food or energy costs. (Picture: US President Joe Biden delivers his verdict on inflation figures. Credit: Getty Images).