Inflation falls for fourth month in a row, now at 2.9%

In some good news for Vice President Kamala Harris and the economy, annual inflation fell to 2.9% in July — now marking four months of disinflation.

The one-tenth of a percentage point decline in the consumer price index comes as most economists expected that annual inflation would remain at 3%, the same as the month before.

Notably, inflation is now the lowest it has been since March 2021, shortly after President Joe Biden was sworn in.

On a month-to-month basis, inflation rose 0.2%.

Inflation is the biggest concern facing voters, so the White House and Harris campaign are undoubtedly breathing a sigh of relief that there wasn’t an unexpected uptick. Republicans have worked hard to tie Harris to the economy.