Consumer prices rose 7.1% in November, continuing a monthslong decline from a 40-year record reached over the summer.
Monthly inflation also fell significantly. Prices rose 0.1% in November, cooling down from a 0.4% increase in October.
By raising borrowing costs, the Fed has tried to slash inflation by cooling the economy and choking off demand. The approach, however, risks tipping the U.S. into a recession and putting millions out of work. But rising wages often push companies to hike prices to make up for the added costs, which can worsen inflation and make it more difficult to reverse.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Inflation eases more than expected in November to 7.1%, but consumer prices remain elevatedThe Labor Department released the latest inflation data set on Tuesday, revealing just how hot consumer prices ran in November as the Fed tries to tame high prices.
Les mer »
NY Fed: One-year consumer inflation expectation declines to 5.2% in NovemberThe Federal Reserve Bank of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation
Les mer »
Inflation slows to 7.4% in November in producer price indexInflation, as measured by producer wholesale prices, slowed to 7.4% for the year ending in November, according to a report Friday from the Bureau of Labor Statistics.
Les mer »
Inflation cools in November for the second-straight monthInflation is still way too high, but the data offers some hope that it can ease alongside a still-healthy economy.
Les mer »
Americans' inflation expectations eased in November to lowest since 2021, NY Fed survey showsThe New York Federal Reserve released a closely watched survey on Monday revealing that Americans' inflation expectations declined in the short term and long term.
Les mer »
FTX hearing, Fed decision, consumer inflation top week aheadFTX's Sam Bankman-Fried is expected to testify before Congress, consumer inflation may remain elevated and Delta to deliver investor update.
Les mer »