The annualized rate of inflation in November fell to 7.1%, a further improvement on October's decline.
received an early Christmas present as the Bureau of Labor Statistics published inflation figures for November on Tuesday morning.
The annualized rate of inflation last month was 7.1 percent, down from 7.7 percent in October in what may be seen as another indication that U.S. inflation has peaked after previously reaching an almost 40-year high. The Consumer Price Index for All Urban Consumers rose by 0.1 percent month-on-month in another fall since October, when prices rose 0.4 percent on aPresident Joe Biden takes questions from reporters after delivering remarks in the State Dining Room of the White House on November 9, 2022, in Washington, D.C. Inflation figures for November will be welcome news for the president.The monthly rise in September was also 0.4 percent and the annualized rate of inflation that month was 8.2 percent.
The figures will be welcome news for the White House as Americans prepare to celebrate the holidays and after
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