Gasoline Savings Eclipsed By Grocery Price Increases

  • Americans are saving money at the gas pump, only to spend it in the produce aisle.
  • Gasoline and grocery prices moved in opposite directions last month, as the overall inflation rate declined slightly. Consumer prices in November were up 7.1% from a year ago, compared to an annual increase of 7.7% the month before.
  • The inflation figures were released Tuesday by the Labor Department, just as the Federal Reserve prepares to raise interest rates for the seventh time in nine months on Wednesday.
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