US annual inflation falls to 6.5% in DecemberConsumer inflation in the United States slipped in December to the lowest level in over a year
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Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed on Thursday, signaling the worst of red-hot price increases may be over.
The consumer price index (CPI) rose 6.5 per cent from a year ago, the smallest increase since October 2021 and slowing from November's 7.1 per cent spike, said the Labour Department.