Inflation slowed again last month, more than expected, as the Federal Reserve raised interest rates at the fastest pace in decades.
The Consumer Price Index (CPI) in November showed a 7.1% increase over last year and 0.1% increase over the month, the Bureau of Labor Statistics said Tuesday. Economists had expected prices to rise at an annual 7.3% clip and 0.3% month-over-month, per Bloomberg data.
On a “core” basis, which strips out the volatile food and energy components of the report, prices…
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