Today’s report is good news for hard working families. It shows continued progress tackling inflation at the same time that unemployment remains at historic lows. Annual inflation is now at the lowest level since March 2021, and less than half of what it was last June. After gas and grocery prices increased rapidly last year due to the war in Ukraine, inflation has fallen for 11 months in a row. While there is more work to do, the plan that I laid out a year ago to bring down the cost of living and sustain stable and steady growth is working. We have taken action to bring down the cost of gas at the pump, ... (full story)