Decline in Inflation Shows Optimism

Friday, January 13 2023

The US CPI (all items index) declines to 6.5% in Dec’22 compared to 7.1% in Nov’22. From the following table, it can be observed that most of the declines are visible in Gasoline (-9.4%), Fuel Oil (-16.6%), Energy Commodities (-9.4%) during Dec’22. The food index increased 0.3 percent in Dec2022 following a 0.5-percent increase in Nov2022.

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