U.S. inflation slowed sharply to 7.1% over past 12 months

Associated Press

12/13/2022

Consumer Prices — PEOPLE SHOP for fruits and vegetables at S. Katzman Produce at the Hunts Point Produce Market on Tuesday, Nov. 22, 2022, in the Bronx borough of New York. Inflation in the U.S. slowed again last month in the latest sign that price increases are gradually cooling despite the pressures they continue to inflict on American households. / ANDRES KUDACKI / ASSOCIATED PRESS FILE PHOTO

WASHINGTON (AP) – Inflation in the United States slowed again last month in the latest sign that price increases are gradually cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1% in November from a year ago, the government said Tuesday. That was down from 7.7% in October and a…

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