US Consumer Inflation Slows In November, Up 7.1% Year-On-Year

 

US consumer inflation eased in November, bringing some relief to policymakers, according to government data released Tuesday, but the figure is still about three times the pre-pandemic pace.

The consumer price index (CPI), a closely-watched measure of inflation, jumped 7.1 percent from a year ago, down from 7.7 percent in October, according to figures released by the Labor Department.

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