Published 1 year ago

Prices fell in December as inflation continues to moderate

Summary by Ground News

US inflation was 6.5% over the 12 months to the end of December, down from 7.1% in November. That was the smallest increase in more than a year, and marked a sixth month in a row of declines. Some items such as fruit even saw outright price falls compared with November.

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BBC News

CPI: US inflation falls to lowest in more than a year

Inflation was 6.5% in December, easing for the sixth month in a row as petrol and fruit prices fell.

1 year ago·United Kingdom

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The Guardian

US prices dropped in December for first time since May 2020 as inflation rate fell to 6.5%

According to latest consumer price index, cost of living dropped 0.1% in December while inflation rate fell from 7.1% in November

1 year ago·London, United Kingdom

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The Independent

Biden hails ‘good news’ as rate of US Inflation falls as fuel prices drop

However, food prices continue to rise

1 year ago·London, United Kingdom

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CNN

Prices fell in December as inflation continues to moderate

For the first time in nearly three years, inflation fell on a monthly basis.

1 year ago·Atlanta, United States

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WISH-TV

Prices fell in December as inflation continues to moderate

(CNN) — For the first time in nearly three years, inflation fell on a monthly basis. Consumer prices decreased by 0.1% in December, the Bureau of Labor Statistics reported Thursday in its Consumer Price Index. The last time prices were lower than the previous month was in May 2020. The closely watched inflation gauge also showed that year-over-year prices continued to cool last month, slowing to 6.5%, from 7.1% in November. It’s the smallest ann…

1 year ago·Indianapolis, United States

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