Prices fell in December as inflation continues to moderate
19 Articles
19 Articles
Prices fell in December as inflation continues to moderate
By Alicia Wallace, 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 May 2020. The closely watched inflation gauge
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…
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