CPI Report Shows U.S. Inflation Eased in November

Posted on AllSides December 13th, 2022
From The Center
Economy and Jobs, Inflation, Inflation Rate, CPI
SETH WENIG/ASSOCIATED PRESS

Consumer prices rose last month at the slowest 12-month pace since December 2021, closing out a year in which inflation hit the highest level in four decades and challenged the Federal Reserve’s ability to keep the U.S. economy on track.

The Labor Department on Tuesday said that its consumer-price index climbed 7.1% in November from a year ago, down sharply from 7.7% in October—building on a trend of moderating price increases since June’s 9.1% peak.

Core CPI, which excludes volatile energy and food prices, rose 6% in November from a year ago, easing from a 6.3% gain in October....

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https://www.wsj.com/articles/us-inflation-november-2022-consumer-price-index-11670883405

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