U.S. Inflation Slowed for Sixth Straight Month in December

1/12/23
 
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from The Wall Street Journal,
1/12/23:

Consumer-price index rose 6.5% last month from a year earlier

U.S. inflation eased in December for the sixth straight month following a mid-2022 peak as the Federal Reserve aggressively raised interest rates and the economy showed signs of cooling.

The consumer-price index, a measurement of what consumers pay for goods and services, rose 6.5% last month from a year earlier, down from 7.1% in November and well below a 9.1% peak in June.

The figures are likely to keep the Fed on track to reduce the size of interest-rate increases to a quarter-percentage-point at their meeting that concludes on Feb. 1, down from a half-percentage point increase in December.

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