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

Advertisement US consumer inflation eased in November, bringing some relief to policymakers, according to government data released Tuesday, but the figure is still … Continue reading US Consumer Inflation Slows In November, Up 7.1% Year-On-Year

By Nebianet Usaini

Updated December 13, 2022

One dollar notes with the signature of US Treasury Secretary Janet Yellen are unveiled at the Bureau of Engraving and Printing Western Currency Facility on December 8, 2022 in Fort Worth, Texas. – The US dollar will bear two women’s signatures for the first time, belonging to Treasury Secretary Janet Yellen and Treasurer Lynn Malerba, officials said Thursday as they unveiled the banknotes. (Photo by Andy JACOBSOHN / AFP)

The US dollar banknotes. (Photo by Andy JACOBSOHN / AFP)

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.