US CPI inflation falls again
Falling fuel prices drive down index for sixth straight month
Consumer price index (CPI) inflation in the US fell to 6.5% year on year in December, down from its November reading of 7.1%.
This is the sixth consecutive decline in the CPI reading since its June 2022 peak of 9.1%.
The Bureau of Labor Statistics reported that core inflation fell to 5.7%, down from 6% in November. Month on month, headline inflation fell but core inflation increased, mainly due to rising housing-related costs.
The BLS said falling energy prices contributed most to the
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