U.S. inflation eased significantly to 7.1% in November, its slowest pace since the end of 2021
In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected. Illustration: Jacob ReynoldsConsumer prices rose last month at the slowest 12-month pace since December 2021, closing out a year in whichand challenged the Federal Reserve’s ability to keep the U.S. economy on track.
The Labor Department on Tuesday said that its consumer-price index, a measurement of what consumers pay for goods and services, climbed 7.1% in November from a year ago,
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