Trump’s Energy Policies Result in Lower Prices at the Pump and Inflation Dropping to 1.6%

By The European Union Times

According to the US Bureau of Labor Statistics the US inflation rate decreased to an eight month low in June to 1.6%.

Joana Taborda at Trading Economics wrote:

Consumer prices in the United States increased 1.6 percent year-on-year in June of 2017, below 1.9 percent in May and compared to market expectations of 1.7 percent. It is the lowest inflation rate since October of 2016 due to a 0.4 percent fall in gasoline prices.”

President Trump’s executive actions to move forward with the Keystone XL and Dakota Access pipelines may not only reduce the cost of gasoline in the States which impacts inflation, [READ MORE HERE]

Source: EU Times

Aggregated News

Aggregated news from around the world, brought to you in a single source for convenience. These snippets of news include a link to the full article. Please peruse our other editorial and original content, as well.