Gas prices drop, leading to a soothing inflation in November

Latest data from the Labor Department has most consumer prices moderating.

Gas prices drop, leading to a soothing inflation in November
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12 Dec 2023, 05:03 PM
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U.S. Consumer Inflation Moderates in November

U.S. Consumer Inflation Moderates in November

U.S. consumer inflation moderated in November as gas prices fell, illustrating a further cooling of most costs.

The Consumer Price Index edged 0.1% higher last month, leaving it 3.1% higher than a year ago, according to the Labor Department. This figure is in line with expectations by economists surveyed by FactSet.

This is a developing story.

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