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U.S. Inflation Slowed for Sixth Straight Month in December
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U.S. inflation eased in December for the sixth straight month following a mid-2022 peak as the Federal Reserve aggressively raised interest rates and the economy showed signs of cooling.
The consumer-price index, a measurement of what consumers pay for goods and services, rose 6.5% last month from a year earlier, down from 7.1% in November and well below a 9.1% peak in June.
Read more on wsj.comAbout this in other media
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels wsj.com /1 year ago
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels wsj.com /1 year ago
U.K. Inflation Falls for Second Month but Food Prices Soar wsj.com /1 year ago
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