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Inflation slowed to 6.5% in December, easing fears of more aggressive interest rate hikes

Por: Los Angeles Times Business January 12, 2023

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Rising consumer prices in the U.S. moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation eased to 6.5% in December compared with 12 months earlier, the government said Thursday. It was the sixth straight month of year-over-year slowdowns. On a monthly basis, prices actually slipped 0.1% from... + full article



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