U.S. Inflation Declines for Sixth Consecutive Month

Recent reports from the U.S. Bureau of Labor Statistics (BLS) found that the deceleration of inflation didn’t yield as 2022 came to a close. Overall inflation continued to slow in December, with the latest consumer price index (CPI) report showing prices grew by 6.5%—down from 7.1% the previous month—which is in line with analysts’ expectations.

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