U.S. Inflation Slowed for Sixth Straight Month in December - WSJ
Category: News & PoliticsVia: jbb • 3 weeks ago • 21 comments
By: Gwynn Guilford (WSJ)
By Gwynn Guilford Updated Jan. 12, 2023 12:31 pm ET
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.