November Inflation ReportPrice Gains Slow More Than Expected

12/13/22
 
   < < Go Back
 
from The New York Times,
12/13/22:

Markets shoot higher as a report showed inflation eased last month, the last major economic news ahead of Federal Reserve’s meeting on Wednesday.

  • Price Increases Cooled Notably in November as Inflation Began to Ease
  • Stocks soar as investors welcome signs of cooling inflation.
  • Growth in food prices slowed, but grocery bills remain historically high.
  • Rents continued to rise rapidly in November, a sign that inflation remains stubborn in key categories.
  • The slowdown in inflation was driven by food, energy and used vehicles.
  • Cooling inflation is a welcome sign for President Biden.

More From The New York Times (subscription required):