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U.S. Inflation Eased in November, CPI Report Shows
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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, a measurement of what consumers pay for goods and services, climbed 7.1% in November from a year ago, down sharply from 7.7% in October. The pace built on a trend of moderating price increases since June’s 9.1% peak, but it remained well above the 2.1% average rate in the three years before the pandemic.
Read more on wsj.comAbout this in other media
U.S. Inflation Eased in November, CPI Report Shows wsj.com /1 year ago
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