Inflation rate expected to slow in December, but remain historically high

Inflation Report Expects Slower Price Gains in December Due to Decline in Gas and Energy Costs

According to economists, the consumer price index (CPI), which monitors a variety of commodities such as rent, food, health care, and Oil, will indicate that monthly price increases were unchanged in December after rising by 0.1% in November.

Inflation is anticipated to have increased by 6.5% annually, down from a peak of 9.1% in June and a rate of 7.1% in November.

Source: FOXBusiness

local_offerevent_note January 12, 2023

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