U.S. inflation eased significantly to 7.1% in November, its slowest pace since the end of 2021
Price increases have eased this fall from a four-decade high earlier in year, while Federal Reserve continues to move aggressively
In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected.
climbed 7.1% in November from a year ago, down sharply from 7.7% in October—building on a trend of moderating price increases since June’s 9.1% peak.
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