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November CPI Shows US Inflation Cools Again

moomoo News ·  Dec 13, 2022 09:12  · Markets

The annual rate of inflation fell to 7.1 % from 7.7% in the prior month, marking the lowest level since the end of 2021. Inflation peaked at 9.1% in June.

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The advance in the core rate over the past year dropped to 6% from 6.3%. The Federal Reserve views the core rate as a more accurate predictor of future inflation trends.

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Source: MarketWatch

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