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Inflation falls to its lowest level in more than 3 years. Here’s what that means

Consumer prices rose 2.5% in August from a year ago, the smallest annual increase since early 2001. Grocery prices have largely leveled off after climbing sharply in the previous two years, but the cumulative increases continue to sting many consumers. (Getty Images)
Consumer prices rose 2.5% in August from a year ago, the smallest annual increase since early 2001. Grocery prices have largely leveled off after climbing sharply in the previous two years, but the cumulative increases continue to sting many consumers. (Getty Images)

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