• While overall inflation has slowed from its rapid pace earlier this year, grocery prices continue to rise, putting Americans in a pinch, according to newly released federal inflation data.
• The U.S. Bureau of Labor Statistics released the monthly Consumer Price Index report, which showed prices rose 0.1% in November, less than experts predicted, contributing to a 7.1% increase in the past 12 months.
• “The indexes for shelter, communication, recreation, motor vehicle insurance, education, and apparel were among those that increased over the month,” BLS said. “Indexes which declined in November include the used cars and trucks, medical care, and airline fares indexes.

Tagged: #Bidenflation