Topline
Inflation in December grew at the slowest pace in more than a year as overall prices fell from one month prior—a welcome sign for the economy as the Federal Reserve decides how aggressively it should raise interest rates in order to tame prices that continue to grow at a historically fast rate.
Key Facts
Consumer prices rose 6.5% on an annual basis, according to data released by the Labor Department on Thursday, falling in line with economist expectations and lower than the 7.1% spike in November.
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