US inflation slowed sharply to 7.1% over past 12 months

Times of India

Lean Right

US consumer inflation eased to 7.1% over past 12 months

US Inflation: Consumer prices rose 7.1% in November from a year ago, the government said Tuesday. That was down from 7.7% in October and a recent peak of 9.1% in June. It was the fifth straight slowdown. On a month-to-month basis, the consumer price index rose just 0.1% in November, down from 0.4% in October.