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December Inflation Report to Show Whether Price Increases Continued to Moderate
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The Labor Department’s inflation report for December will show whether price increases continued to slow after reaching their fastest pace in 40 years in mid-2022.
The department’s consumer-price index, a closely watched measure of inflation, rose 7.1% in November from a year earlier, it said last month. That marked the fifth straight month of a decline in the annual inflation rate from a 9.1% peak in June. Despite the recent easing of price pressures, the November rate was much faster than the 2.1% average in the three years before the pandemic.
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