JUST IN: US Consumer Inflation Slows In November, Up 7.1% Year-On-Year

Written by on December 13, 2022

US consumer inflation eased in November, bringing some relief to policymakers, according to government data released Tuesday, but the figure is still about three times the pre-pandemic pace.

The consumer price index (CPI), a closely-watched measure of inflation, jumped 7.1 percent from a year ago, down from 7.7 percent in October, according to figures released by the Labor Department.

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