Cautiously Optimistic
Inflation finally fell on a monthly basis for the first time in almost three years, according to the latest numbers from the Labor Department. December's rate fell to 6.5%, down from 7.1% in November. Overall, inflation decreased 0.1% in December, compared to the 0.1% increase in November. Though there have now been six straight months of decline in the inflation rate, it's still only a slight relief after hitting 40-year highs, with prices through the roof everywhere from the grocery store to the gas pump. The latest numbers break down the price increases in painful detail, and we've combed through them to find some of the most sobering.
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