re: Inflation is back on the menu, guys!

quote:

---

The Fed's preferred measure of inflation falls to 2.6% year over year.

quote:
The Federal Reserve's preferred measure of inflation fell last month in another sign that price pressures easing in the face of the central bank's interest rate hikes.

Friday's personal consumption expenditures (PCE) report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022. Excluding volatile food and energy prices, so-called core inflation last month rose 0.1% from October and 3.2% from a year earlier.

All the numbers show somewhat more progress against inflation than economists had expected.

Newsmax Money

---

Phew...that means this event that just started in December is not going to affect the numbers from November. That was a close one! Glad we avoided that!