Inflation & Prices
Inflation Cools in Swing States Crucial for US Presidential Vote
- Inflation eased in Georgia, Michigan, Pennsylvania metro areas
- New York prices remain stubbornly high, bucking national trend
Shoppers browse shirts at a clothing store in Atlanta, Georgia. Lower inflation in the swing states also could be a boost for the president.
Photographer: Dustin Chambers/BloombergInflation rates fell last month in major cities across three swing states that will help decide the outcome of US elections, amid a nationwide moderation in prices that could aid President Joe Biden’s campaign.
Prices rose 2.6% in Atlanta from a year earlier, the lowest annual rate in the Georgia capital in more than three years and down from 3.1% in April. Meantime, the inflation rate in Philadelphia fell by a half point to 3.6%, while the rate in Detroit saw a slight drop to 3.4%, according to Bureau of Labor Statistics data released Thursday.